W1M Asset Management Ltd Makes New Investment in Autoliv, Inc. $ALV

Key Points

• W1M Asset Management purchased 23,455 Autoliv shares worth approximately $2.725 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 EPS of $2.43 slightly missed analysts’ $2.46 estimate. The company maintained a quarterly dividend of $0.87 per share, representing a 2.8% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $135.93, compared with the reported share price of $125.23.

W1M Asset Management Ltd purchased a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,455 shares of the auto parts company's stock, valued at approximately $2,725,000.

A number of other large investors have also recently modified their holdings of ALV. IFP Advisors Inc increased its position in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Torren Management LLC purchased a new stake in Autoliv in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust lifted its position in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. Quarry LP bought a new stake in Autoliv during the third quarter valued at approximately $36,000. Finally, Johnson Financial Group Inc. bought a new stake in Autoliv during the third quarter valued at approximately $37,000. Institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $125.23 on Friday. 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 stock has a market cap of $9.17 billion, a PE ratio of 14.75, a PEG ratio of 1.00 and a beta of 1.34. The company's fifty day moving average is $120.36 and its 200 day moving average is $118.07. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17.

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). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. The business's quarterly revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv's payout ratio is 40.99%.

Insiders Place Their Bets

In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated 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 $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALV. TD Cowen decreased their price target on shares of Autoliv from $150.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada dropped their price objective on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Weiss Ratings cut Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, July 20th. Wall Street Zen lowered Autoliv from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, Jefferies Financial Group upgraded Autoliv to a "hold" rating in a research report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Autoliv presently has a consensus rating of "Moderate Buy" and an average target price 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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