MGO One Seven LLC Makes New Investment in Autoliv, Inc. $ALV

MGO One Seven LLC bought a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,500 shares of the auto parts company’s stock, valued at approximately $679,000.

Several other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC grew its position in Autoliv by 3.6% during the second quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock valued at $353,000 after buying an additional 109 shares during the period. Farther Finance Advisors LLC raised its position in shares of Autoliv by 7.4% in the third quarter. Farther Finance Advisors LLC now owns 2,074 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 143 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Autoliv by 4.1% during the 3rd quarter. Boston Trust Walden Corp now owns 4,216 shares of the auto parts company’s stock worth $521,000 after acquiring an additional 166 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Autoliv by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 733 shares of the auto parts company’s stock valued at $91,000 after buying an additional 169 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Autoliv by 103.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock valued at $39,000 after buying an additional 177 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ALV. JPMorgan Chase & Co. upgraded shares of Autoliv from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $109.00 to $140.00 in a research report on Wednesday, November 26th. Wells Fargo & Company cut their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research report on Friday, October 10th. Robert W. Baird set a $137.00 price target on shares of Autoliv in a research note on Wednesday. Finally, Mizuho boosted their price objective on Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Autoliv Price Performance

ALV stock opened at $126.25 on Friday. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a market capitalization of $9.59 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. The business has a 50 day simple moving average of $120.61 and a 200-day simple moving average of $120.04.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were issued a dividend of $0.87 per share. The ex-dividend date was Friday, November 21st. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is presently 35.95%.

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.