The Manufacturers Life Insurance Company Buys New Position in Autoliv, Inc. $ALV

The Manufacturers Life Insurance Company purchased a new stake in Autoliv, Inc. (NYSE:ALV) in the second quarter, HoldingsChannel.com reports. The firm purchased 34,750 shares of the auto parts company’s stock, valued at approximately $4,037,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Autoliv during the second quarter worth about $573,245,000. Norges Bank purchased a new position in shares of Autoliv in the 4th quarter valued at approximately $125,609,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after purchasing an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Autoliv in the 2nd quarter worth approximately $65,124,000. Finally, AQR Capital Management LLC boosted its stake in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after purchasing an additional 556,651 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE:ALV opened at $119.20 on Wednesday. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $8.73 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The stock’s 50-day moving average price is $120.76 and its 200-day moving average price is $117.92.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. Autoliv’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. As a group, equities analysts expect that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.87 dividend. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s payout ratio is 40.99%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ALV shares. Wells Fargo & Company boosted their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. UBS Group upped their target price on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada dropped their price target on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.93.

Insider Buying and Selling at Autoliv

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

Autoliv Company Profile

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.