Empowered Funds LLC Makes New Investment in Autoliv, Inc. $ALV

Key Points

• Empowered Funds LLC acquired 25,212 Autoliv shares worth approximately $2.93 million during the second quarter. Institutional investors collectively own 69.57% of the company.
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, while earnings per share of $2.43 slightly missed analyst expectations of $2.46.
• The company declared a quarterly dividend of $0.87 per share, implying an annualized dividend of $3.48 and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $135.93, above the reported share price of $121.22.

Empowered Funds LLC acquired a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,212 shares of the auto parts company's stock, valued at approximately $2,929,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock valued at $25,000 after buying an additional 107 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 acquiring an additional 190 shares during the last quarter. Quarry LP bought a new stake in shares of Autoliv in the 3rd quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in shares of Autoliv in the 3rd quarter worth $37,000. Finally, Allworth Financial LP raised its holdings in shares of Autoliv by 298.8% in the fourth quarter. Allworth Financial LP now owns 327 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm's stock in a transaction on 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 sale, the director directly owned 60,000 shares of the company's stock, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.34% of the company's stock.

Autoliv Stock Performance

Shares of ALV stock opened at $121.22 on Thursday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 0.95 and a beta of 1.36. 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 52 week low of $99.16 and a 52 week high of $132.17. The firm's 50-day simple moving average is $120.81 and its two-hundred day simple moving average is $117.90.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results 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 the consensus estimate of $2.77 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv's dividend payout ratio is 40.99%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ALV shares. Wall Street Zen lowered shares of Autoliv from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Royal Bank Of Canada dropped their target price on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 25th. Weiss Ratings lowered Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Finally, 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 report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $135.93.

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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