Navellier & Associates Inc. Takes $1.97 Million Position in Autoliv, Inc. $ALV

Key Points

• Navellier & Associates acquired a new $1.97 million stake in Autoliv during the second quarter, purchasing 16,918 shares. 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, despite mixed target adjustments and ratings ranging from Buy to Hold.
• Autoliv reported quarterly revenue of $2.80 billion, up 3.3% year over year, but narrowly missed earnings expectations. The company also declared a quarterly dividend of $0.87 per share, representing a 2.8% annualized yield.

Navellier & Associates Inc. bought a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 16,918 shares of the auto parts company's stock, valued at approximately $1,965,000.

Several other institutional investors and hedge funds have also bought and sold shares of ALV. Torren Management LLC acquired a new position in shares of Autoliv during the fourth quarter valued at about $25,000. IFP Advisors Inc grew its stake in shares of 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 period. Parkside Financial Bank & Trust increased its position in Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company's stock valued at $25,000 after buying an additional 190 shares in the last quarter. Quarry LP bought a new stake in Autoliv in the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. acquired a new position in Autoliv during the 3rd quarter worth approximately $37,000. 69.57% of the stock is owned by institutional investors.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction that occurred 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 sale, the director directly owned 60,000 shares of the company's stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ALV shares. UBS Group increased their price target on Autoliv from $110.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, June 15th. TD Cowen decreased their price objective on Autoliv from $150.00 to $148.00 and set a "buy" rating for the company in a report on Monday, July 20th. Wells Fargo & Company upped their target price on Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 25th. Jefferies Financial Group upgraded Autoliv to a "hold" rating in a report on Monday, June 15th. Finally, Royal Bank Of Canada reduced their price target on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.93.

Autoliv Stock Down 0.6%

Autoliv stock opened at $122.23 on Friday. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week 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 50-day simple moving average is $120.66 and its 200 day simple moving average is $118.05. The stock has a market cap of $8.95 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter last year, the business posted $2.21 EPS. The company's quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Autoliv, Inc. will post 10.04 EPS for the current fiscal 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 issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Autoliv's dividend 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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