American Century Companies Inc. Has $34.36 Million Holdings in Autoliv, Inc. $ALV

Key Points

• American Century Companies raised its stake in Autoliv by 10.3% in Q3 to 278,184 shares, worth about $34.36 million (roughly 0.37% of the company).
• Autoliv topped quarterly EPS estimates ($3.19 vs. $2.85) with revenue up 7.7% YoY and strong profitability (ROE 30.4%); analysts have a "Moderate Buy" consensus with an average price target of $135.71.
• The company declared a quarterly dividend of $0.87 (annualized $3.48, ~3.1% yield), while insiders have sold about 22,243 shares valued at $2.71 million over the past 90 days.

American Century Companies Inc. raised its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,184 shares of the auto parts company's stock after acquiring an additional 25,948 shares during the period. American Century Companies Inc. owned approximately 0.37% of Autoliv worth $34,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Autoliv by 1,892.3% during the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company's stock worth $29,000 after purchasing an additional 246 shares during the last quarter. Root Financial Partners LLC bought a new position in Autoliv during the 3rd quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Autoliv by 103.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company's stock worth $39,000 after buying an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Autoliv by 18,550.0% during the third quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company's stock worth $46,000 after buying an additional 371 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Autoliv in the third quarter valued at about $53,000. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Stock Up 0.5%

Shares of NYSE ALV opened at $111.00 on Friday. The stock has a market capitalization of $8.29 billion, a P/E ratio of 11.61, a PEG ratio of 0.93 and a beta of 1.32. The stock's fifty day moving average is $123.06 and its 200 day moving average is $121.79. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week 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.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share 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%. Autoliv's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.05 earnings per share. Sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

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

Insider Activity at Autoliv

In related news, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director owned 5,549 shares of the company's stock, valued at approximately $668,099.60. This represents a 59.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,243 shares of company stock worth $2,713,735 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Autoliv from $129.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 9th. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Autoliv from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. Evercore decreased their target price on shares of Autoliv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of Autoliv from $146.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and an average price target of $135.71.

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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