UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $31 Million Position in Autoliv, Inc. $ALV

Key Points

• UBS Asset Management reduced its Autoliv stake by 5.7% in the second quarter, selling 16,072 shares and retaining 266,882 shares valued at approximately $31 million. Institutional investors collectively own 69.57% of Autoliv.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $135.93. Eight analysts rate the stock Buy, compared with five Hold ratings.
• Autoliv’s latest quarterly revenue rose 3.3% year over year to $2.80 billion, although EPS of $2.43 slightly missed estimates. The company declared a quarterly dividend of $0.87, equating to an annualized yield of about 2.8%.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,882 shares of the auto parts company's stock after selling 16,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of Autoliv worth $31,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ALV. Navellier & Associates Inc. acquired a new stake in Autoliv during the second quarter worth approximately $1,965,000. Wellington Management Group LLP grew its position in shares of Autoliv by 21.4% during the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company's stock worth $95,444,000 after buying an additional 145,013 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Autoliv during the 2nd quarter worth approximately $8,335,000. Empowered Funds LLC bought a new stake in shares of Autoliv in the 2nd quarter valued at $2,929,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of Autoliv in the 2nd quarter valued at $223,000. Institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALV. TD Cowen dropped their target price on shares of Autoliv from $150.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada decreased their price target on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. UBS Group upped their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, June 15th. Weiss Ratings cut shares of Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company raised their target price on Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a research note 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, the company has a consensus rating of "Moderate Buy" and an average target price of $135.93.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company's stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company's stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $125.15 on Friday. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The stock's 50 day moving average is $120.90 and its 200-day moving average is $117.90. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.97 and a beta of 1.36.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.21 EPS. Sell-side analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current fiscal 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 given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv's dividend payout ratio is presently 40.99%.

About Autoliv

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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