Northern Trust Corp Grows Stock Holdings in Autoliv, Inc. $ALV

Northern Trust Corp grew its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 501,403 shares of the auto parts company’s stock after purchasing an additional 6,215 shares during the period. Northern Trust Corp owned approximately 0.65% of Autoliv worth $44,349,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SouthState Corp purchased a new position in shares of Autoliv during the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 204 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Autoliv in the 1st quarter worth approximately $44,000. Signaturefd LLC raised its holdings in Autoliv by 63.4% in the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 263 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Autoliv by 188.6% in the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 515 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of ALV opened at $124.29 on Friday. The firm has a market cap of $9.55 billion, a PE ratio of 13.60, a P/E/G ratio of 1.29 and a beta of 1.39. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $115.96 and a two-hundred day simple moving average of $102.39. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $125.82.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. On average, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be paid a $0.85 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.7%. Autoliv’s dividend payout ratio (DPR) is currently 30.63%.

Autoliv announced that its Board of Directors has approved a share repurchase program on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 31.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Jan Carlson sold 1,555 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director directly owned 77,493 shares of the company’s stock, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Autoliv in a report on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 price objective for the company. Wall Street Zen upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. UBS Group boosted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Mizuho boosted their price objective on shares of Autoliv from $95.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Finally, BNP Paribas upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Friday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.64.

Autoliv 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.