Van Lanschot Kempen Investment Management N.V. Buys 10,867 Shares of Autoliv, Inc. $ALV

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. grew its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,553 shares of the auto parts company's stock after buying an additional 10,867 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.41% of Autoliv worth $28,088,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Northern Trust Corp boosted its holdings in shares of Autoliv by 1.3% during the first quarter. Northern Trust Corp now owns 501,403 shares of the auto parts company's stock worth $44,349,000 after purchasing an additional 6,215 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Autoliv during the first quarter worth approximately $1,029,000. Algert Global LLC boosted its holdings in shares of Autoliv by 45.7% during the first quarter. Algert Global LLC now owns 52,907 shares of the auto parts company's stock worth $4,680,000 after purchasing an additional 16,590 shares during the period. Corient IA LLC acquired a new stake in shares of Autoliv during the first quarter worth approximately $531,000. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of Autoliv by 34.1% during the first quarter. Northwest & Ethical Investments L.P. now owns 25,489 shares of the auto parts company's stock worth $2,255,000 after purchasing an additional 6,485 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autoliv

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price target for the company. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Mizuho raised their price objective on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company raised their price objective on shares of Autoliv from $100.00 to $104.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Barclays reaffirmed an "overweight" rating and set a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.64.

Autoliv Stock Up 3.4%

ALV traded up $4.1020 during midday trading on Friday, hitting $124.1820. 432,996 shares of the company's stock traded hands, compared to its average volume of 592,431. Autoliv, Inc. has a one year low of $75.49 and a one year high of $124.82. The company has a market cap of $9.54 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The stock's fifty day simple moving average is $114.84 and its 200-day simple moving average is $101.62.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv declared that its Board of Directors has initiated a share 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 buy up to 31.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a $0.85 dividend. This is a positive change from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 5th. Autoliv's payout ratio is 30.63%.

Autoliv 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.