Autoliv, Inc. $ALV Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Autoliv, Inc. (NYSE:ALV) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,535 shares of the auto parts company’s stock after acquiring an additional 12,944 shares during the period. Asset Management One Co. Ltd. owned about 0.12% of Autoliv worth $10,934,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB increased its stake in Autoliv by 8.5% in the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock valued at $321,254,000 after purchasing an additional 203,511 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Autoliv by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after acquiring an additional 34,064 shares during the period. LSV Asset Management grew its holdings in Autoliv by 83.3% during the second quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock worth $114,147,000 after acquiring an additional 463,449 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Autoliv by 26.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock valued at $111,845,000 after purchasing an additional 206,200 shares during the period. Finally, Norges Bank purchased a new stake in Autoliv during the second quarter worth about $110,368,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $125.01 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.54. The firm has a 50-day moving average of $119.41 and a two-hundred day moving average of $119.28. The stock has a market cap of $9.50 billion, a P/E ratio of 12.91, a PEG ratio of 0.84 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.Autoliv’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 EPS. On average, research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Autoliv’s dividend payout ratio is 35.95%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, November 24th. UBS Group reiterated an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research report on Friday, October 10th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a research note on Tuesday, October 21st. Finally, Cowen reaffirmed a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $132.07.

Autoliv 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.