Autoliv, Inc. $ALV Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 21.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 821,589 shares of the auto parts company’s stock after buying an additional 145,013 shares during the quarter. Wellington Management Group LLP owned 1.12% of Autoliv worth $95,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ALV. BlackRock Inc. acquired a new stake in shares of Autoliv in the second quarter worth $573,245,000. Swedbank AB raised its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Autoliv by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after purchasing an additional 28,415 shares during the period. Dimensional Fund Advisors LP lifted its position in Autoliv by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after purchasing an additional 70,424 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Autoliv by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director directly owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several analyst reports. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. UBS Group raised their target price on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, TD Cowen decreased their price target on Autoliv from $150.00 to $148.00 and set a “buy” rating for the company 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Stock Down 1.7%

ALV opened at $119.20 on Wednesday. The company has a fifty day moving average of $120.76 and a two-hundred day moving average of $117.92. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.97 and a beta of 1.36. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the company earned $2.21 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Dividend Announcement

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

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.