Vise Technologies Inc. Acquires Shares of 7,609 Autoliv, Inc. $ALV

Vise Technologies Inc. acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,609 shares of the auto parts company’s stock, valued at approximately $903,000.

A number of other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its stake in Autoliv by 3.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 49,495 shares of the auto parts company’s stock valued at $5,875,000 after buying an additional 1,568 shares in the last quarter. State of Wyoming lifted its stake in Autoliv by 154.6% during the fourth quarter. State of Wyoming now owns 6,899 shares of the auto parts company’s stock valued at $819,000 after buying an additional 4,189 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Autoliv by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 475,211 shares of the auto parts company’s stock valued at $56,408,000 after buying an additional 89,922 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Autoliv by 32.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 436,215 shares of the auto parts company’s stock valued at $51,779,000 after buying an additional 105,833 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Autoliv by 19.3% during the fourth quarter. Natixis Advisors LLC now owns 11,939 shares of the auto parts company’s stock valued at $1,417,000 after buying an additional 1,931 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company set a $116.00 target price on Autoliv in a report on Monday, April 20th. TD Cowen dropped their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Bank of America assumed coverage on Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Autoliv Trading Down 1.4%

Shares of NYSE ALV opened at $126.48 on Wednesday. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.86 and a beta of 1.33. The business has a 50 day simple moving average of $117.66 and a 200 day simple moving average of $118.37. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08.

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

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Autoliv’s payout ratio is presently 37.42%.

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.