LSV Asset Management Raises Stake in Autoliv, Inc. $ALV

LSV Asset Management grew its stake in Autoliv, Inc. (NYSE:ALV) by 83.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,020,082 shares of the auto parts company’s stock after acquiring an additional 463,449 shares during the quarter. LSV Asset Management owned about 1.33% of Autoliv worth $114,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp purchased a new stake in shares of Autoliv in the first quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in Autoliv by 1,892.3% in the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 246 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Autoliv by 103.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock valued at $39,000 after buying an additional 177 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Autoliv by 975.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 527 shares of the auto parts company’s stock worth $59,000 after buying an additional 478 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Autoliv by 63.4% during the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock worth $60,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

ALV opened at $117.21 on Tuesday. The stock’s 50-day moving average price is $121.74 and its 200 day moving average price is $115.20. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.54. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.88 and a beta of 1.35.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.22. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.Autoliv’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is currently 35.95%.

Analysts Set New Price Targets

ALV has been the topic of a number of recent analyst reports. Berenberg Bank set a $134.00 price objective on Autoliv in a report on Tuesday, October 21st. Wall Street Zen raised Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. UBS Group reiterated an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Autoliv in a report on Friday, October 10th. Finally, Robert W. Baird lowered their target price on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average target price of $128.00.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.