Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Autoliv, Inc. $ALV

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 212.7% in the third quarter, Holdings Channel reports. The institutional investor owned 40,650 shares of the auto parts company’s stock after purchasing an additional 27,650 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autoliv were worth $5,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ALV. Root Financial Partners LLC purchased a new position in shares of Autoliv in the 3rd quarter valued at about $32,000. Quarry LP purchased a new stake in Autoliv during the third quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new stake in Autoliv during the third quarter worth approximately $37,000. Global Retirement Partners LLC boosted its holdings in Autoliv by 18,550.0% in the third quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 371 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Autoliv in the third quarter valued at approximately $53,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Up 0.4%

ALV opened at $104.24 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The business’s 50 day moving average is $120.89 and its two-hundred day moving average is $120.91. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $3.05 earnings per share. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.87 per share. The ex-dividend date is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a yield of 3.3%. Autoliv’s dividend payout ratio is currently 36.40%.

Wall Street Analyst Weigh In

ALV has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Autoliv in a report on Tuesday. Evercore dropped their target price on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Robert W. Baird set a $132.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.71.

Insider Activity at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 8,974 shares of Autoliv stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total value of $1,108,378.74. Following the transaction, the chief executive officer directly owned 29,290 shares in the company, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $180,360.34. Following the completion of the sale, the executive vice president directly owned 5,314 shares of the company’s stock, valued at $648,467.42. The trade was a 21.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,243 shares of company stock worth $2,713,735 in the last three months. Company insiders own 0.30% of the company’s stock.

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.