Nisa Investment Advisors LLC Buys 2,210 Shares of Autoliv, Inc. (NYSE:ALV)

Nisa Investment Advisors LLC grew its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 51.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 large investors have also modified their holdings of ALV. AlphaQuest LLC boosted its stake 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. GAMMA Investing LLC boosted its holdings in shares of Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after buying an additional 204 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Autoliv during the first quarter worth about $44,000. Twin Tree Management LP acquired a new stake in shares of Autoliv in the fourth quarter valued at approximately $50,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Autoliv during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Activity

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the stock in a transaction dated 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 directly owned 77,493 shares of the company's stock, valued at $8,394,041.76. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Autoliv Trading Down 4.1%

Shares of NYSE ALV traded down $4.78 during mid-day trading on Friday, hitting $112.00. The company's stock had a trading volume of 1,595,733 shares, compared to its average volume of 819,848. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.73. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.37. The company's fifty day simple moving average is $108.84 and its 200-day simple moving average is $98.31. Autoliv, Inc. has a one year low of $75.49 and a one year high of $118.98.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.57 billion. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. Autoliv's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 EPS. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 31.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Autoliv Increases Dividend

The firm also recently disclosed 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. This is a positive change from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. This represents a $3.40 annualized dividend and a yield of 3.04%. Autoliv's dividend payout ratio is currently 39.13%.

Analysts Set New Price Targets

Several research firms have weighed in on ALV. Mizuho raised their price target on Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Jefferies Financial Group started coverage on shares of Autoliv in a report on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 target price on the stock. Barclays reissued an "overweight" rating and issued a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a research report on Wednesday. BNP Paribas upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen downgraded Autoliv from a "strong-buy" rating to a "buy" rating in a research report on Friday. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.19.

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.