Empowered Funds LLC Acquires Shares of 25,212 Autoliv, Inc. $ALV

Empowered Funds LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV) in the second quarter, Holdings Channel.com reports. The firm bought 25,212 shares of the auto parts company’s stock, valued at approximately $2,929,000.

Several other large investors have also recently modified their holdings of the business. UMB Bank n.a. lifted its stake in shares of Autoliv by 11.0% during the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock valued at $98,000 after buying an additional 82 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Autoliv by 5.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock valued at $199,000 after acquiring an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 98 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Autoliv by 5.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock worth $214,000 after purchasing an additional 99 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Autoliv by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock valued at $1,482,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. TD Cowen decreased their price target on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada lowered their price objective on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

Autoliv Price Performance

ALV stock opened at $121.22 on Thursday. 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, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The firm’s fifty day moving average is $120.81 and its 200 day moving average is $117.90. The firm has a market cap of $8.88 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.95 and a beta of 1.36.

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

Autoliv Announces Dividend

The business 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 $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s 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.