Autoliv, Inc. $ALV Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 165,300 Autoliv shares during the second quarter, worth approximately $19.2 million and representing about 0.23% of the company. Institutional investors collectively own 69.57% of Autoliv.
• Analyst sentiment remains mixed, with six Buy ratings and seven Hold ratings, resulting in a consensus Hold rating and an average price target of $134.79.
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, though EPS of $2.43 narrowly missed estimates. The company pays a quarterly dividend of $0.87 per share, equating to a 3.1% annualized yield.

Bank of America Corp DE purchased a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 165,300 shares of the auto parts company's stock, valued at approximately $19,203,000. Bank of America Corp DE owned approximately 0.23% of Autoliv as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALV. Allworth Financial LP increased its stake in Autoliv by 298.8% during the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company's stock worth $39,000 after buying an additional 245 shares during the period. Global Retirement Partners LLC acquired a new stake in Autoliv during the 2nd quarter valued at approximately $60,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Autoliv in the second quarter valued at $62,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Autoliv in the 2nd quarter valued at about $78,000. Finally, GAMMA Investing LLC lifted its holdings in Autoliv by 16.5% during the 2nd quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company's stock worth $115,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Wall Street Analyst Weigh In

ALV has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research report on Monday, June 15th. TD Cowen cut Autoliv from a "buy" rating to a "hold" rating and dropped their price target for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Weiss Ratings downgraded Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Royal Bank Of Canada reduced their price objective on Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Finally, Wells Fargo & Company increased their target price on Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 25th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $134.79.

Autoliv Stock Performance

ALV opened at $113.93 on Friday. The business has a 50 day moving average price of $120.89 and a two-hundred day moving average price of $117.86. 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 $8.34 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

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

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. Autoliv's dividend payout ratio (DPR) is currently 40.99%.

About Autoliv

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company's roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.

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