Autoliv, Inc. (NYSE:ALV) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in Autoliv, Inc. (NYSE:ALV) by 37.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,644 shares of the auto parts company’s stock after purchasing an additional 723 shares during the period. Farther Finance Advisors LLC’s holdings in Autoliv were worth $237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALV. FMR LLC grew its holdings in Autoliv by 9.9% in the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after purchasing an additional 641,895 shares during the last quarter. Norges Bank purchased a new stake in shares of Autoliv in the fourth quarter valued at $36,761,000. FIL Ltd lifted its position in shares of Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after acquiring an additional 351,876 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Autoliv by 67.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company’s stock valued at $65,840,000 after acquiring an additional 284,002 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Autoliv in the fourth quarter valued at $25,749,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Insider Activity

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the sale, the director now directly owns 77,493 shares in the company, valued at approximately $8,394,041.76. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ALV has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Autoliv from $82.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Barclays upped their price objective on Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. BNP Paribas Exane upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price objective on the stock in a research report on Friday, May 9th. Robert W. Baird reduced their price objective on Autoliv from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, BNP Paribas upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Autoliv Stock Performance

Shares of ALV stock opened at $110.39 on Thursday. The company’s fifty day simple moving average is $97.84 and its 200-day simple moving average is $95.40. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $112.00. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.53 billion, a PE ratio of 12.70, a P/E/G ratio of 1.87 and a beta of 1.36.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 6.63% and a return on equity of 30.47%. During the same period last year, the business earned $1.58 EPS. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its board has approved a share repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.85 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, September 5th. Autoliv’s dividend payout ratio (DPR) is currently 32.22%.

Autoliv Company Profile

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.