LSV Asset Management Boosts Stock Holdings in Autoliv, Inc. $ALV

LSV Asset Management grew its position in shares of Autoliv, Inc. (NYSE:ALV) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,681,609 shares of the auto parts company’s stock after purchasing an additional 101,922 shares during the quarter. LSV Asset Management’s holdings in Autoliv were worth $199,607,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares during the period. Torren Management LLC acquired a new stake in Autoliv in the 4th quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in Autoliv in the 3rd quarter valued at $32,000. Quarry LP acquired a new stake in Autoliv in the 3rd quarter valued at $36,000. Finally, Johnson Financial Group Inc. acquired a new stake in Autoliv in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Insider Activity at Autoliv

In other Autoliv news, Director Franz-Josef Kortuem sold 8,300 shares of Autoliv 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 sale, the director 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 document filed with the SEC, which is available through this hyperlink. Also, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total transaction of $194,332.78. Following the sale, the insider directly owned 7,739 shares in the company, valued at approximately $941,139.79. This trade represents a 17.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,124 shares of company stock worth $2,698,873 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Autoliv Trading Up 2.1%

Shares of ALV opened at $122.79 on Friday. Autoliv, Inc. has a 52-week low of $98.45 and a 52-week high of $130.14. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average is $111.70 and its two-hundred day moving average is $117.73. The stock has a market cap of $9.19 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.31.

Autoliv (NYSE:ALV) last announced its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the company posted $2.15 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Autoliv’s payout ratio is 37.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ALV shares. Evercore dropped their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Royal Bank Of Canada lifted their price target on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Barclays dropped their price target on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. TD Cowen dropped their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Bank of America started coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.