Illinois Municipal Retirement Fund Boosts Stock Position in Autoliv, Inc. $ALV

Illinois Municipal Retirement Fund raised its stake in Autoliv, Inc. (NYSE:ALVFree Report) by 60.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 36,989 shares of the auto parts company’s stock after buying an additional 13,957 shares during the period. Illinois Municipal Retirement Fund’s holdings in Autoliv were worth $3,890,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in Autoliv by 10.0% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 66,850 shares of the auto parts company’s stock valued at $7,028,000 after purchasing an additional 6,100 shares during the period. Legacy Capital Group California Inc. purchased a new position in shares of Autoliv in the first quarter valued at approximately $327,000. Principal Financial Group Inc. grew its stake in shares of Autoliv by 2.1% in the first quarter. Principal Financial Group Inc. now owns 151,538 shares of the auto parts company’s stock worth $15,936,000 after acquiring an additional 3,163 shares in the last quarter. Arbejdsmarkedets Tillaegspension increased its holdings in Autoliv by 20.4% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 241,278 shares of the auto parts company’s stock worth $25,373,000 after purchasing an additional 40,925 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Autoliv during the first quarter worth approximately $217,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV stock opened at $120.47 on Friday. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $121.82 and its 200 day moving average price is $118.63. The stock has a market capitalization of $9.02 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35.

Autoliv (NYSE:ALVGet Free Report) last issued its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business earned $2.21 earnings per share. Autoliv’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Autoliv, Inc. will post 10.52 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a $0.87 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s payout ratio is 37.42%.

Trending Headlines about Autoliv

Here are the key news stories impacting Autoliv this week:

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALV. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings raised Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Robert W. Baird lifted their target price on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Bank of America started coverage on Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price for the company. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.93.

Check Out Our Latest Stock Report on Autoliv

Autoliv Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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