Legal & General Group Plc Invests $10.04 Million in Autoliv, Inc. $ALV

Legal & General Group Plc bought a new stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,434 shares of the auto parts company’s stock, valued at approximately $10,041,000. Legal & General Group Plc owned about 0.12% of Autoliv as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ALV. IFP Advisors Inc increased its holdings in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 107 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares in the last quarter. Quarry LP bought a new stake in shares of Autoliv in the third quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new stake in shares of Autoliv in the third quarter valued at approximately $37,000. Finally, Allworth Financial LP lifted its stake in shares of Autoliv by 298.8% during the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after buying an additional 245 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Autoliv Price Performance

Shares of NYSE ALV opened at $121.40 on Tuesday. The firm has a market capitalization of $8.89 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock’s 50-day simple moving average is $120.72 and its two-hundred day simple moving average is $117.98. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the business posted $2.21 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s payout ratio is currently 40.99%.

Wall Street Analyst Weigh In

Several research firms recently commented on ALV. Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Royal Bank Of Canada reduced their price target on Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company boosted their price objective on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, TD Cowen dropped their price objective on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Company 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.