Arbejdsmarkedets Tillaegspension Takes $23.78 Million Position in Autoliv, Inc. $ALV

Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 200,353 shares of the auto parts company’s stock, valued at approximately $23,782,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Torren Management LLC purchased a new position in shares of Autoliv during the 4th quarter worth approximately $25,000. IFP Advisors Inc increased its stake in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Autoliv during the 3rd quarter worth approximately $32,000. Quarry LP purchased a new position in shares of Autoliv during the 3rd quarter worth approximately $36,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Autoliv during the 3rd quarter worth approximately $37,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Down 0.5%

Shares of NYSE ALV opened at $120.79 on Friday. Autoliv, Inc. has a 52-week low of $98.45 and a 52-week high of $130.14. The firm has a fifty day moving average of $110.72 and a 200-day moving average of $117.69. The stock has a market capitalization of $9.04 billion, a PE ratio of 12.99, a P/E/G ratio of 0.81 and a beta of 1.31. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $2.15 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. Autoliv’s payout ratio is currently 37.42%.

Insider Activity at Autoliv

In other news, Director Franz-Josef Kortuem sold 8,300 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the completion of the sale, the director directly owned 5,549 shares of the company’s stock, valued at $668,099.60. The trade was a 59.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the sale, the chief executive officer directly owned 29,290 shares of the company’s stock, valued at $3,617,607.90. This represents a 23.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 22,243 shares of company stock worth $2,713,735. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ALV has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective for the company. TD Cowen cut their price target on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Jefferies Financial Group lowered Autoliv from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $120.00 in a research note on Tuesday, April 14th. Wells Fargo & Company set a $116.00 target price on Autoliv in a research note on Monday, April 20th. Finally, Robert W. Baird raised their price target on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv 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.