Autoliv, Inc. (NYSE:ALV) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 7.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 75,591 shares of the auto parts company's stock after acquiring an additional 5,137 shares during the quarter. Asset Management One Co. Ltd. owned about 0.10% of Autoliv worth $6,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Bank of New York Mellon Corp lifted its position in Autoliv by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 406,348 shares of the auto parts company's stock worth $38,111,000 after acquiring an additional 15,202 shares during the period. US Bancorp DE lifted its holdings in shares of Autoliv by 3.5% in the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after buying an additional 130 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Autoliv in the 4th quarter valued at about $3,815,000. Callan Family Office LLC acquired a new position in shares of Autoliv in the 4th quarter valued at about $326,000. Finally, AlphaQuest LLC lifted its holdings in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the transaction, the director directly owned 77,493 shares in the company, valued at $8,394,041.76. The trade was a 1.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALV. Mizuho boosted their price objective on Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a report on Friday, May 16th. TD Cowen began coverage on Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective for the company. Cowen began coverage on Autoliv in a report on Thursday, March 6th. They issued a "buy" rating for the company. BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.53.

Autoliv Price Performance

NYSE:ALV traded up $2.68 during trading hours on Tuesday, hitting $114.58. 672,899 shares of the stock were exchanged, compared to its average volume of 808,234. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $115.25. The firm's fifty day moving average price is $102.75 and its 200 day moving average price is $96.22. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.86 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.91 and a beta of 1.37.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43. The business had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. During the same period in the previous year, the firm posted $1.58 EPS. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv declared that its Board of Directors has authorized a stock buyback program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 31.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.85 per share. This is a boost from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, September 5th. Autoliv's payout ratio is currently 32.22%.

About Autoliv

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.