AlphaQuest LLC Invests $4.22 Million in Autoliv, Inc. $ALV

AlphaQuest LLC bought a new stake in Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,194 shares of the auto parts company’s stock, valued at approximately $4,223,000.

Other large investors have also modified their holdings of the company. First Citizens Bank & Trust Co. bought a new stake in shares of Autoliv during the 3rd quarter valued at about $1,385,000. Nordea Investment Management AB acquired a new position in Autoliv in the third quarter valued at approximately $7,697,000. Northstar Advisory Group LLC bought a new position in shares of Autoliv during the third quarter valued at approximately $1,484,000. Lancaster Investment Management grew its holdings in shares of Autoliv by 1.1% during the second quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company’s stock valued at $102,171,000 after purchasing an additional 9,523 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Autoliv by 6.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,558 shares of the auto parts company’s stock worth $622,000 after purchasing an additional 316 shares during the period. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research report on Friday, October 10th. Wolfe Research set a $143.00 target price on Autoliv in a research note on Monday, January 12th. Barclays boosted their price target on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, October 10th. TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Finally, Morgan Stanley set a $140.00 price objective on shares of Autoliv in a research report on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Autoliv Stock Up 0.2%

ALV stock opened at $126.44 on Friday. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.78 and a beta of 1.32. The firm’s 50-day moving average is $121.81 and its two-hundred day moving average is $120.58. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 35.95%.

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.