560,590 Shares in Autoliv, Inc. $ALV Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 560,590 shares of the auto parts company's stock, valued at approximately $65,124,000. Bank of New York Mellon Corp owned approximately 0.77% of Autoliv as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new position in Autoliv during the fourth quarter valued at about $2,075,000. Leuthold Group LLC raised its holdings in Autoliv by 29.2% in the 4th quarter. Leuthold Group LLC now owns 54,579 shares of the auto parts company's stock valued at $6,479,000 after acquiring an additional 12,340 shares in the last quarter. LSV Asset Management lifted its position in shares of Autoliv by 6.5% in the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company's stock worth $199,607,000 after acquiring an additional 101,922 shares during the period. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Autoliv in the 4th quarter worth approximately $23,782,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Autoliv by 127,512.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company's stock worth $68,770,000 after purchasing an additional 578,906 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Autoliv Price Performance

Autoliv stock opened at $123.19 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The company has a market capitalization of $9.02 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The business has a 50 day simple moving average of $120.49 and a 200 day simple moving average of $118.04.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $2.21 earnings per share. On average, sell-side analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Autoliv's dividend payout ratio (DPR) is 40.99%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALV. Wells Fargo & Company boosted their price objective on Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. Jefferies Financial Group raised Autoliv to a "hold" rating in a research report on Monday, June 15th. Wall Street Zen downgraded shares of Autoliv from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. TD Cowen lowered their price target on shares of Autoliv from $150.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Finally, UBS Group increased their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and an average price target of $135.93.

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.

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