Van Lanschot Kempen Investment Management N.V. Grows Stake in Autoliv, Inc. $ALV

Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,077 shares of the auto parts company’s stock after purchasing an additional 9,144 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.32% of Autoliv worth $28,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Swedbank AB increased its stake in shares of Autoliv by 14.4% during the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after purchasing an additional 375,454 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Autoliv by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,881,828 shares of the auto parts company’s stock worth $223,385,000 after purchasing an additional 37,661 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Autoliv by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock worth $221,660,000 after purchasing an additional 21,221 shares in the last quarter. LSV Asset Management increased its stake in shares of Autoliv by 6.5% during the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock worth $199,607,000 after purchasing an additional 101,922 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Autoliv by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,349,393 shares of the auto parts company’s stock worth $160,206,000 after purchasing an additional 84,668 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $128.52 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.86 and a beta of 1.33. The company’s 50-day moving average is $119.04 and its two-hundred day moving average is $118.61. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

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

Autoliv Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. TD Cowen cut their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Robert W. Baird upped their price objective on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Jefferies Financial Group cut shares of Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Finally, Barclays dropped their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.