Corient IA LLC Buys Shares of 6,000 Autoliv, Inc. $ALV

Key Points

• Corient IA LLC has established a new stake in Autoliv, acquiring 6,000 shares worth approximately $531,000 during the 1st quarter.
• Despite fluctuations, the majority of Autoliv's stock is held by institutional investors, who own about 69.57% of the company's shares.
• Autoliv has announced a dividend increase to $0.85 per share, representing a 2.9% yield, and plans a share buyback program of up to $2.50 billion.

Corient IA LLC bought a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the auto parts company's stock, valued at approximately $531,000.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp bought a new position in Autoliv during the first quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after purchasing an additional 204 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Autoliv in the first quarter worth about $44,000. Signaturefd LLC increased its stake in shares of Autoliv by 63.4% in the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after purchasing an additional 263 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Autoliv by 188.6% in the first quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after purchasing an additional 515 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Autoliv in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Autoliv from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. BNP Paribas upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th. BNP Paribas Exane upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $120.64.

Autoliv Stock Performance

ALV traded up $4.03 on Friday, hitting $124.11. 255,568 shares of the stock traded hands, compared to its average volume of 802,428. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $124.82. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $9.53 billion, a PE ratio of 13.58, a P/E/G ratio of 1.24 and a beta of 1.39. The business has a fifty day moving average price of $114.53 and a two-hundred day moving average price of $101.31.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the company posted $1.87 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 dividend on an annualized basis and a yield of 2.7%. Autoliv's dividend payout ratio (DPR) is presently 37.20%.

Autoliv declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the sale, the director directly owned 77,493 shares of the company's stock, valued at approximately $8,394,041.76. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

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.