Bank of America Corp DE lifted its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,018 shares of the auto parts company's stock after purchasing an additional 27,622 shares during the quarter. Bank of America Corp DE owned about 0.23% of Autoliv worth $17,879,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Strategic Investment Advisors MI bought a new stake in Autoliv during the first quarter worth approximately $216,000. Amundi bought a new position in shares of Autoliv during the 1st quarter valued at approximately $879,000. EverSource Wealth Advisors LLC raised its holdings in Autoliv by 59.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,593 shares of the auto parts company's stock valued at $168,000 after buying an additional 596 shares during the period. California State Teachers Retirement System raised its holdings in Autoliv by 24.6% during the 1st quarter. California State Teachers Retirement System now owns 80,361 shares of the auto parts company's stock valued at $8,451,000 after buying an additional 15,853 shares during the period. Finally, Royal Bank of Canada lifted its position in Autoliv by 2.7% in the first quarter. Royal Bank of Canada now owns 160,088 shares of the auto parts company's stock worth $16,834,000 after buying an additional 4,173 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Autoliv news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director owned 60,000 shares in the company, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company's stock.
Wall Street Analysts Forecast Growth
ALV has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Autoliv from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. TD Cowen decreased their price target on Autoliv from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Weiss Ratings cut Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Finally, Jefferies Financial Group raised Autoliv to a "hold" rating in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.93.
Read Our Latest Stock Report on ALV
More Autoliv News
Here are the key news stories impacting Autoliv this week:
- Positive Sentiment: Zacks Research raised its EPS forecasts across several periods, including Q1 2027 to $2.34 from $2.32, Q2 2027 to $2.71 from $2.69, Q3 2027 to $3.01 from $3.00, and full-year 2027 to $11.45 from $11.38.
- Positive Sentiment: The research firm also increased its Q4 2027 estimate to $3.40 from $3.37, Q1 2028 to $2.67 from $2.66, Q2 2028 to $3.02 from $3.01, and full-year 2028 to $12.75 from $12.69. The upgrades indicate slightly stronger expected earnings momentum for Autoliv over the next several years.
- Neutral Sentiment: The estimate changes were small, so they provide a modest positive signal rather than a major change in Autoliv’s fundamental outlook. The current-year consensus remains $10.04 per share.
Autoliv Stock Up 1.8%
NYSE:ALV opened at $122.39 on Thursday. The company's 50-day simple moving average is $120.58 and its 200-day simple moving average is $118.02. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The stock has a market capitalization of $8.96 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.96 and a beta of 1.34.
Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same period last year, the firm earned $2.21 earnings per share. Autoliv's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.
Autoliv Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv's dividend payout ratio (DPR) is currently 40.99%.
Autoliv Company Profile
(
Free Report)
Autoliv Inc NYSE: ALV is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.
Founded in 1997 following the spin-off of Electrolux's automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.
Further Reading
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