Algert Global LLC Acquires 67,105 Shares of Autoliv, Inc. $ALV

Algert Global LLC increased its holdings in Autoliv, Inc. (NYSE:ALV) by 148.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,422 shares of the auto parts company’s stock after purchasing an additional 67,105 shares during the period. Algert Global LLC owned approximately 0.15% of Autoliv worth $13,884,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ALV. JPMorgan Chase & Co. grew its position in Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after acquiring an additional 18,673 shares during the period. Caisse Des Depots ET Consignations acquired a new position in Autoliv during the third quarter worth $1,302,000. First Citizens Bank & Trust Co. bought a new position in shares of Autoliv during the third quarter valued at $1,385,000. Northstar Advisory Group LLC bought a new position in shares of Autoliv during the third quarter valued at $1,484,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Autoliv in the 3rd quarter valued at $7,697,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Down 0.9%

ALV opened at $102.77 on Monday. The firm has a 50 day simple moving average of $121.70 and a 200 day simple moving average of $121.20. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $3.05 earnings per share. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.4%. Autoliv’s payout ratio is 36.40%.

Insider Activity

In related news, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at $239,544.89. This trade represents a 39.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. This represents a 59.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,243 shares of company stock valued at $2,713,735. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ALV shares. Barclays restated an “overweight” rating and issued a $140.00 price target on shares of Autoliv in a research report on Monday, February 2nd. Wolfe Research set a $143.00 price target on shares of Autoliv in a research report on Monday, January 12th. Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Robert W. Baird set a $132.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $140.00 price objective on Autoliv in a research report on Wednesday, November 26th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.71.

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.