Autoliv, Inc. (NYSE:ALV) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 51.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,525 shares of the auto parts company's stock after purchasing an additional 2,210 shares during the quarter. Nisa Investment Advisors LLC's holdings in Autoliv were worth $577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AlphaQuest LLC grew its holdings in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Autoliv in the 1st quarter worth approximately $44,000. Twin Tree Management LP acquired a new stake in shares of Autoliv in the 4th quarter valued at approximately $50,000. Finally, Physician Wealth Advisors Inc. bought a new position in Autoliv during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALV. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Robert W. Baird increased their price objective on shares of Autoliv from $108.00 to $126.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Friday, May 9th. Royal Bank Of Canada assumed coverage on Autoliv in a research report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 price target for the company. Finally, Jefferies Financial Group began coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price on the stock. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $119.31.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the business's stock in a transaction 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 sale, the director 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 Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

Autoliv Stock Down 1.7%

ALV opened at $115.59 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.97. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $118.98. The firm's fifty day moving average is $107.66 and its 200 day moving average is $97.88. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS 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 net margin of 6.63% and a return on equity of 30.47%. During the same quarter in the previous year, the company earned $1.58 EPS. On average, sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 annualized dividend and a yield of 2.94%. This is a boost from Autoliv's previous quarterly dividend of $0.70. Autoliv's payout ratio is presently 32.22%.

Autoliv announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.