Nordea Investment Management AB Makes New Investment in Autoliv, Inc. $ALV

Nordea Investment Management AB acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 62,530 shares of the auto parts company’s stock, valued at approximately $7,697,000.

A number of other hedge funds also recently modified their holdings of ALV. Swedbank AB grew its stake in Autoliv by 8.5% in the 3rd quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock valued at $321,254,000 after buying an additional 203,511 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Autoliv by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after acquiring an additional 34,064 shares during the period. LSV Asset Management grew its position in shares of Autoliv by 83.3% in the second quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after purchasing an additional 463,449 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Autoliv by 26.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after purchasing an additional 206,200 shares during the period. Finally, Norges Bank acquired a new stake in Autoliv during the 2nd quarter worth approximately $110,368,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of Autoliv stock opened at $126.25 on Friday. 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 company has a market cap of $9.59 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The company has a 50 day moving average of $120.61 and a 200-day moving average of $120.00. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14.

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

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were issued a dividend of $0.87 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Autoliv’s payout ratio is presently 35.95%.

Wall Street Analysts Forecast Growth

ALV has been the topic of a number of research reports. Barclays upped their price objective on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Robert W. Baird set a $137.00 price target on shares of Autoliv in a research report on Wednesday. Evercore ISI boosted their price objective on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Wells Fargo & Company decreased their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.