Envestnet Portfolio Solutions Inc. Buys New Position in Autoliv, Inc. $ALV

Envestnet Portfolio Solutions Inc. purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,142 shares of the auto parts company’s stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. ProShare Advisors LLC lifted its stake in shares of Autoliv by 3.6% during the second quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock valued at $353,000 after buying an additional 109 shares during the period. Farther Finance Advisors LLC raised its holdings in Autoliv by 7.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,074 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 143 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of Autoliv by 4.1% during the 3rd quarter. Boston Trust Walden Corp now owns 4,216 shares of the auto parts company’s stock worth $521,000 after purchasing an additional 166 shares during the period. GAMMA Investing LLC lifted its stake in shares of Autoliv by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 733 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 169 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Autoliv by 103.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 177 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Up 0.9%

Shares of NYSE:ALV opened at $128.27 on Wednesday. The stock has a 50-day simple moving average of $121.34 and a 200-day simple moving average of $120.50. The stock has a market capitalization of $9.74 billion, a P/E ratio of 13.25, a PEG ratio of 0.79 and a beta of 1.32. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a $0.87 dividend. The ex-dividend date of this dividend was Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. Autoliv’s dividend payout ratio (DPR) is currently 35.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on ALV shares. Wolfe Research set a $143.00 target price on Autoliv in a research note on Monday, January 12th. Robert W. Baird set a $137.00 price target on Autoliv in a report on Wednesday, January 14th. Evercore ISI increased their price objective on shares of Autoliv from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Morgan Stanley set a $140.00 target price on shares of Autoliv in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.00.

Autoliv Company 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.