XY Capital Ltd Makes New $1.29 Million Investment in Autoliv, Inc. $ALV

XY Capital Ltd acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,878 shares of the auto parts company’s stock, valued at approximately $1,291,000. Autoliv makes up approximately 0.8% of XY Capital Ltd’s investment portfolio, making the stock its 25th largest position.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after acquiring an additional 18,673 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in shares of Autoliv in the third quarter valued at approximately $1,302,000. Elo Mutual Pension Insurance Co bought a new position in shares of Autoliv in the third quarter valued at approximately $2,198,000. Jupiter Asset Management Ltd. bought a new position in shares of Autoliv in the third quarter valued at approximately $4,294,000. Finally, Artemis Investment Management LLP bought a new position in shares of Autoliv in the fourth quarter valued at approximately $2,075,000. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen reduced their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Barclays dropped their price objective on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wells Fargo & Company set a $116.00 price objective on Autoliv in a research note on Monday, April 20th. Finally, Jefferies Financial Group downgraded Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Eight equities 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Autoliv Price Performance

Autoliv stock opened at $129.06 on Friday. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $118.61 and its 200 day simple moving average is $118.54. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.83 and a beta of 1.33.

Autoliv (NYSE:ALV) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.Autoliv’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. Sell-side analysts forecast that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. Autoliv’s dividend payout ratio is currently 37.42%.

Autoliv Company 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.