NewEdge Advisors LLC Boosts Stock Holdings in Autoliv, Inc. $ALV

Key Points

• NewEdge Advisors increased its Autoliv stake by 529% in the first quarter, holding 18,544 shares valued at approximately $1.95 million. Institutional investors and hedge funds 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 narrowly missed analyst expectations. The company declared a quarterly dividend of $0.87, equivalent to a 2.9% yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $135.93 versus its recent price of $122.04.

NewEdge Advisors LLC grew its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 529.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,544 shares of the auto parts company's stock after purchasing an additional 15,596 shares during the quarter. NewEdge Advisors LLC's holdings in Autoliv were worth $1,950,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ALV. Norges Bank acquired a new stake in Autoliv during the fourth quarter valued at $125,609,000. Northwestern Mutual Wealth Management Co. increased its holdings in Autoliv by 127,512.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company's stock valued at $68,770,000 after buying an additional 578,906 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company's stock worth $114,077,000 after acquiring an additional 556,651 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Autoliv in the fourth quarter worth about $44,689,000. Finally, Swedbank AB boosted its stake in shares of Autoliv by 14.4% during the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company's stock worth $353,334,000 after acquiring an additional 375,454 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

ALV opened at $122.04 on Friday. The firm's fifty day simple moving average is $120.90 and its two-hundred day simple moving average is $118.21. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS 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 prior year, the firm earned $2.21 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

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

Analysts Set New Price Targets

ALV has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Autoliv to a "hold" rating in a research report on Monday, June 15th. Wells Fargo & Company upped their price target on Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a report on Thursday, June 25th. UBS Group increased their price target on Autoliv from $110.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, June 15th. Wall Street Zen lowered Autoliv from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Weiss Ratings lowered Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $135.93.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the business's 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 in the company, valued at approximately $7,800,000. The trade was a 24.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

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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