Jupiter Topco LLC Acquires New Position in Autoliv, Inc. $ALV

Key Points

• Jupiter Topco LLC acquired 27,979 Autoliv shares worth approximately $3.25 million in the second quarter. Institutional investors collectively own 69.57% of the company.
• Analysts maintain a generally positive outlook, with eight Buy and five Hold ratings producing a “Moderate Buy” consensus and an average price target of $135.93.
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, but earnings of $2.43 per share narrowly missed estimates. The company declared a quarterly dividend of $0.87 per share, implying a 2.9% annualized yield.

Jupiter Topco LLC acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,979 shares of the auto parts company's stock, valued at approximately $3,251,000.

A number of other institutional investors have also bought and sold shares of ALV. BlackRock Inc. purchased a new stake in shares of Autoliv in the second quarter valued at about $573,245,000. Swedbank AB raised its stake in Autoliv by 14.4% during the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company's stock worth $353,334,000 after purchasing an additional 375,454 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Autoliv by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company's stock valued at $304,185,000 after purchasing an additional 28,415 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Autoliv by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company's stock valued at $205,270,000 after purchasing an additional 70,424 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Autoliv by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company's stock valued at $221,660,000 after buying an additional 21,221 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autoliv

In other 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 transaction of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, 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 at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALV has been the topic of several analyst reports. Weiss Ratings lowered shares of Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, July 20th. TD Cowen lowered their price objective on Autoliv from $150.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Royal Bank Of Canada lowered their price objective on Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Wall Street Zen cut Autoliv from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, Wells Fargo & Company lifted 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. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Autoliv has a consensus rating of "Moderate Buy" and an average target price of $135.93.

Autoliv Price Performance

Autoliv stock opened at $121.22 on Thursday. The company's 50 day simple moving average is $120.81 and its 200-day simple moving average is $117.90. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36. Autoliv, Inc. has a 1 year low of $99.16 and a 1 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.

Autoliv (NYSE:ALV - Get Free Report) last posted 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 company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same period in the previous year, the business posted $2.21 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

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