26,769 Shares in Autoliv, Inc. $ALV Purchased by Man Group plc

Man Group plc bought a new position in Autoliv, Inc. (NYSE:ALV) during the second quarter, Holdings Channel reports. The institutional investor bought 26,769 shares of the auto parts company’s stock, valued at approximately $3,110,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Autoliv during the second quarter valued at approximately $573,245,000. Norges Bank bought a new stake in shares of Autoliv in the 4th quarter worth approximately $125,609,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $68,770,000 after purchasing an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Autoliv during the 2nd quarter valued at approximately $65,124,000. Finally, AQR Capital Management LLC boosted its position in Autoliv by 151.7% during the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after purchasing an additional 556,651 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Down 0.5%

NYSE:ALV opened at $121.40 on Tuesday. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The business has a fifty day moving average of $120.72 and a 200-day moving average of $117.98.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.21 earnings per share. Equities analysts predict that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on ALV. Wells Fargo & Company increased their target price on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen cut their price objective on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.93.

Insider Activity

In related news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

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.