State of Alaska Department of Revenue Sells 105 Shares of Autoliv, Inc. (NYSE:ALV)

State of Alaska Department of Revenue lowered its stake in Autoliv, Inc. (NYSE:ALVFree Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,986 shares of the auto parts company’s stock after selling 105 shares during the quarter. State of Alaska Department of Revenue’s holdings in Autoliv were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ALV. State of Michigan Retirement System increased its holdings in Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares in the last quarter. Griffin Asset Management Inc. bought a new position in shares of Autoliv in the first quarter worth approximately $222,000. Toth Financial Advisory Corp increased its stake in shares of Autoliv by 21.0% in the first quarter. Toth Financial Advisory Corp now owns 9,524 shares of the auto parts company’s stock worth $1,147,000 after purchasing an additional 1,650 shares in the last quarter. KRS Capital Management LLC raised its position in shares of Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after purchasing an additional 100 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Autoliv during the 1st quarter valued at $36,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

ALV stock opened at $106.40 on Wednesday. Autoliv, Inc. has a 52 week low of $87.01 and a 52 week high of $129.38. The firm has a market capitalization of $8.66 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61. The company has a fifty day simple moving average of $117.66 and a two-hundred day simple moving average of $114.80. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALVGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Analysts anticipate that Autoliv, Inc. will post 9.74 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the sale, the director now owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALV. JPMorgan Chase & Co. increased their price target on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $102.00 to $141.00 in a research report on Tuesday, May 28th. BNP Paribas initiated coverage on Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating on the stock. Wolfe Research upgraded Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 price target for the company in a research note on Monday. Finally, Barclays lifted their price objective on shares of Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.27.

Check Out Our Latest Stock Report on Autoliv

Autoliv Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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