Algert Global LLC Acquires 3,086 Shares of Autoliv, Inc. (NYSE:ALV)

Algert Global LLC grew its holdings in Autoliv, Inc. (NYSE:ALV) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,219 shares of the auto parts company’s stock after acquiring an additional 3,086 shares during the quarter. Algert Global LLC owned 0.07% of Autoliv worth $6,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ALV. GAMMA Investing LLC raised its stake in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Autoliv in the first quarter valued at about $36,000. Parallel Advisors LLC grew its position in Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after buying an additional 223 shares in the last quarter. Rise Advisors LLC increased its stake in Autoliv by 104.9% during the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 280 shares during the period. Finally, TFO Wealth Partners LLC increased its stake in Autoliv by 15,425.0% during the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALV. BNP Paribas started coverage on Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating on the stock. HSBC assumed coverage on shares of Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Hsbc Global Res raised shares of Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Finally, Wolfe Research initiated coverage on shares of Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.71.

Autoliv Stock Performance

NYSE:ALV opened at $95.36 on Monday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The firm has a 50 day moving average of $97.56 and a 200-day moving average of $110.36.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 EPS. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 8.61 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s dividend payout ratio is currently 42.43%.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.