BlackRock Inc. Acquires Shares of 4,934,535 Autoliv, Inc. $ALV

Key Points

• BlackRock acquired 4,934,535 Autoliv shares worth approximately $573.2 million, giving it a 6.74% stake. Institutional investors collectively own 69.57% of the company.
• Analysts maintain a generally positive view, with Autoliv receiving a consensus “Moderate Buy” rating and an average price target of $135.93.
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, though earnings of $2.43 per share narrowly missed estimates. The company also declared a quarterly dividend of $0.87, representing a 2.8% yield.

BlackRock Inc. acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,934,535 shares of the auto parts company's stock, valued at approximately $573,245,000. BlackRock Inc. owned about 6.74% of Autoliv at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALV. Norges Bank bought a new position in Autoliv in the 4th quarter valued at about $125,609,000. Northwestern Mutual Wealth Management Co. increased its holdings in Autoliv by 127,512.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company's stock worth $68,770,000 after purchasing an additional 578,906 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Autoliv in the second quarter worth approximately $65,124,000. AQR Capital Management LLC raised its stake in shares of Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company's stock worth $114,077,000 after purchasing an additional 556,651 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Autoliv in the fourth quarter worth approximately $44,689,000. 69.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director owned 60,000 shares of the company's stock, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group raised Autoliv to a "hold" rating in a research report on Monday, June 15th. Royal Bank Of Canada lowered their price target on Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. UBS Group raised their price objective on Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Autoliv from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Wells Fargo & Company upped their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.93.

Autoliv Stock Down 0.1%

ALV stock opened at $125.23 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.00 and a beta of 1.34. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The stock has a fifty day moving average of $120.36 and a 200-day moving average of $118.06.

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 the consensus estimate 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 analysts' expectations of $2.77 billion. During the same period last year, the business posted $2.21 EPS. The company's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a $0.87 dividend. The ex-dividend date is Friday, August 28th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Autoliv's dividend payout ratio (DPR) is presently 40.99%.

Autoliv Company Profile

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.

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