Autoliv, Inc. (NYSE:ALV) Shares Acquired by abrdn plc

abrdn plc grew its holdings in Autoliv, Inc. (NYSE:ALV) by 83.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,033 shares of the auto parts company’s stock after buying an additional 11,402 shares during the quarter. abrdn plc’s holdings in Autoliv were worth $2,758,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALV. Wahed Invest LLC raised its holdings in shares of Autoliv by 8.5% in the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after acquiring an additional 105 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Autoliv by 2.0% in the third quarter. Victory Capital Management Inc. now owns 14,656 shares of the auto parts company’s stock worth $1,414,000 after acquiring an additional 282 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Autoliv by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 30,418 shares of the auto parts company’s stock worth $3,352,000 after acquiring an additional 304 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Autoliv by 1.4% in the third quarter. Arizona State Retirement System now owns 23,216 shares of the auto parts company’s stock worth $2,240,000 after acquiring an additional 314 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

ALV stock opened at $122.29 on Monday. The stock has a 50-day moving average price of $117.74 and a two-hundred day moving average price of $108.02. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $125.91. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The company has a market cap of $9.96 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, research analysts predict that Autoliv, Inc. will post 9.67 EPS for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio is presently 42.43%.

Insiders Place Their Bets

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the transaction, the chief executive officer now owns 17,547 shares in the company, valued at $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the transaction, the chief executive officer now owns 17,547 shares in the company, valued at $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the transaction, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The disclosure for this sale can be found here. Insiders have sold a total of 8,388 shares of company stock worth $921,757 over the last quarter. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALV. Wells Fargo & Company boosted their price target on Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Barclays lifted their price objective on Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Mizuho lifted their price objective on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Autoliv presently has a consensus rating of “Hold” and an average price target of $118.60.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.