Norges Bank Makes New $125.61 Million Investment in Autoliv, Inc. $ALV

Norges Bank acquired a new position in Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,058,207 shares of the auto parts company’s stock, valued at approximately $125,609,000.

Several other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after buying an additional 89 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 98 shares during the last quarter. IFP Advisors Inc raised its stake 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 worth $25,000 after acquiring an additional 107 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Autoliv by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 29,510 shares of the auto parts company’s stock worth $3,503,000 after acquiring an additional 190 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Autoliv by 24.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 997 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 194 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Stock Performance

NYSE:ALV opened at $130.67 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The firm has a market cap of $9.78 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. The business has a 50 day moving average price of $116.27 and a 200-day moving average price of $118.15.

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

Autoliv Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALV. Jefferies Financial Group cut shares of Autoliv from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Bank of America assumed coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target for the company. Weiss Ratings lowered shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, TD Cowen decreased their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. 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 MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

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.