NewEdge Advisors LLC Increases Stake in Autoliv, Inc. $ALV

NewEdge Advisors LLC grew its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 529.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,544 shares of the auto parts company’s stock after purchasing an additional 15,596 shares during the quarter. NewEdge Advisors LLC’s holdings in Autoliv were worth $1,950,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Torren Management LLC acquired a new stake in shares of Autoliv in the fourth quarter valued at about $25,000. IFP Advisors Inc boosted its position in 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 during the last quarter. Parkside Financial Bank & Trust boosted its position in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 190 shares during the last quarter. Quarry LP purchased a new stake in Autoliv during the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. purchased a new stake in Autoliv during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the company’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 transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Autoliv Price Performance

Autoliv stock opened at $122.04 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $120.90 and a 200 day moving average price of $118.21. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The stock has a market cap of $8.94 billion, a P/E ratio of 14.37, a PEG ratio of 0.97 and a beta of 1.34.

Autoliv (NYSE:ALV) last posted its 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). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Sell-side analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. UBS Group increased their price target on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada lowered their price objective on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.93.

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.