GSA Capital Partners LLP Invests $570,000 in Autoliv, Inc. $ALV

GSA Capital Partners LLP bought a new position in Autoliv, Inc. (NYSE:ALV) during the second quarter, HoldingsChannel reports. The fund bought 4,906 shares of the auto parts company’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Torren Management LLC bought a new stake in Autoliv during the fourth quarter valued at about $25,000. IFP Advisors Inc raised its stake in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares in the last quarter. Quarry LP purchased a new position in shares of Autoliv during the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Autoliv during the 3rd quarter valued at approximately $37,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. UBS Group upped their price target on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the sale, the director owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Autoliv Stock Performance

NYSE:ALV opened at $121.44 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The stock has a 50-day moving average price of $120.43 and a 200 day moving average price of $118.02. The stock has a market capitalization of $8.89 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.98 and a beta of 1.34.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $2.21 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is 40.99%.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.