Elo Mutual Pension Insurance Co Purchases Shares of 17,795 Autoliv, Inc. $ALV

Elo Mutual Pension Insurance Co acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,795 shares of the auto parts company’s stock, valued at approximately $2,198,000.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Autoliv during the 2nd quarter worth about $110,368,000. LSV Asset Management lifted its holdings in shares of Autoliv by 54.9% during the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after purchasing an additional 559,605 shares during the period. Invesco Ltd. boosted its position in Autoliv by 334.1% in the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after buying an additional 496,261 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Autoliv in the third quarter valued at approximately $41,163,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Autoliv in the second quarter valued at approximately $34,816,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Autoliv news, CEO Mikael Bratt sold 8,974 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the transaction, the chief executive officer directly owned 29,290 shares of the company’s stock, valued at $3,617,607.90. This trade represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the sale, the executive vice president owned 1,963 shares in the company, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 22,243 shares of company stock worth $2,713,735. Insiders own 0.20% of the company’s stock.

Autoliv Stock Down 0.9%

ALV stock opened at $112.08 on Thursday. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The firm’s fifty day moving average is $123.44 and its 200 day moving average is $121.91. The firm has a market cap of $8.37 billion, a PE ratio of 11.72, a P/E/G ratio of 0.95 and a beta of 1.32.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same quarter last year, the company posted $3.05 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv’s dividend payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Wells Fargo & Company reduced their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and upped their price target for the company from $109.00 to $140.00 in a report on Wednesday, November 26th. Robert W. Baird set a $132.00 price target on Autoliv in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada decreased their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $134.40.

About Autoliv

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.