Callan Family Office LLC Takes $1.11 Million Position in Autoliv, Inc. $ALV

Key Points

• Callan Family Office acquired 9,529 Autoliv shares worth approximately $1.11 million, while institutional investors collectively own 69.57% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $135.93; however, several firms rate the stock “Hold.”
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, though earnings of $2.43 per share slightly missed estimates. The company declared a quarterly dividend of $0.87, representing a 2.8% yield.

Callan Family Office LLC acquired a new position in Autoliv, Inc. (NYSE:ALV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,529 shares of the auto parts company's stock, valued at approximately $1,107,000.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its position in Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 107 shares during the period. Torren Management LLC acquired a new stake in Autoliv during the 4th quarter worth about $25,000. Parkside Financial Bank & Trust grew its position in Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company's stock worth $25,000 after purchasing an additional 190 shares during the period. Quarry LP purchased a new position in shares of Autoliv during the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Autoliv during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Jan Carlson sold 19,607 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director owned 60,000 shares of the company's stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company's stock.

Autoliv Stock Down 1.7%

ALV stock opened at $123.28 on Tuesday. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. 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 firm's fifty day moving average is $120.31 and its 200 day moving average is $118.06. The firm has a market cap of $9.03 billion, a PE ratio of 14.52, a P/E/G ratio of 1.00 and a beta of 1.34.

Autoliv (NYSE:ALV - Get Free Report) last issued 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 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 analyst estimates of $2.77 billion. During the same quarter last year, the company posted $2.21 EPS. The company's revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current year.

Autoliv Announces Dividend

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

Autoliv 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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