First Citizens Bank & Trust Co. Invests $1.39 Million in Autoliv, Inc. $ALV

First Citizens Bank & Trust Co. purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,214 shares of the auto parts company’s stock, valued at approximately $1,385,000.

Several other institutional investors also recently modified their holdings of ALV. ProShare Advisors LLC lifted its stake in Autoliv by 3.6% during the 2nd quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock valued at $353,000 after acquiring an additional 109 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Autoliv by 7.4% during the third quarter. Farther Finance Advisors LLC now owns 2,074 shares of the auto parts company’s stock valued at $256,000 after purchasing an additional 143 shares during the last quarter. Boston Trust Walden Corp lifted its position in Autoliv by 4.1% during the third quarter. Boston Trust Walden Corp now owns 4,216 shares of the auto parts company’s stock valued at $521,000 after purchasing an additional 166 shares during the period. GAMMA Investing LLC boosted its holdings in Autoliv by 30.0% in the third 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 last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Autoliv by 103.5% in 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 owned by hedge funds and other institutional investors.

Autoliv Trading Up 0.1%

Autoliv stock opened at $127.13 on Tuesday. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.32. The firm has a 50 day moving average of $121.12 and a 200 day moving average of $120.43. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were paid a dividend of $0.87 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. Autoliv’s dividend payout ratio is presently 35.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Autoliv in a report on Friday, October 10th. Barclays increased their target price on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, October 10th. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $109.00 to $140.00 in a research note on Wednesday, November 26th. TD Cowen reiterated a “buy” rating on shares of Autoliv in a research note on Monday, October 20th. Finally, Evercore ISI raised 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. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.