Intech Investment Management LLC Acquires Shares of 70,231 Autoliv, Inc. $ALV

Intech Investment Management LLC acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,231 shares of the auto parts company’s stock, valued at approximately $8,336,000. Intech Investment Management LLC owned 0.09% of Autoliv as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALV. Torren Management LLC bought a new position in shares of Autoliv during the fourth quarter valued at $25,000. IFP Advisors Inc lifted its holdings in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares during the period. Quarry LP bought a new position in shares of Autoliv during the third quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in shares of Autoliv during the third quarter valued at $37,000. Finally, Allworth Financial LP lifted its holdings in shares of Autoliv by 298.8% during the fourth quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 245 shares during the period. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

Autoliv stock opened at $127.21 on Friday. The stock has a 50-day simple moving average of $114.08 and a 200 day simple moving average of $117.97. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $130.25. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.85 and a beta of 1.31.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. On average, research analysts anticipate that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALV shares. Evercore cut their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Robert W. Baird lifted their price target on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Royal Bank Of Canada lifted their price target on Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Bank of America assumed coverage on Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.00.

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.