23,455 Shares in Autoliv, Inc. $ALV Bought by W1M Asset Management Ltd

W1M Asset Management Ltd purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the second quarter, Holdings Channel reports. The firm purchased 23,455 shares of the auto parts company’s stock, valued at approximately $2,725,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Autoliv in the 2nd quarter worth $573,245,000. Norges Bank bought a new position in shares of Autoliv during the fourth quarter valued at about $125,609,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Autoliv by 127,512.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after acquiring an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Autoliv during the second quarter valued at about $65,124,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Autoliv by 151.7% during the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after purchasing an additional 556,651 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Trading Up 2.9%

Shares of ALV opened at $125.23 on Friday. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17. 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 firm’s 50-day moving average price is $120.36 and its 200-day moving average price is $118.07. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.00 and a beta of 1.34.

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

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is presently 40.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings cut Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen dropped their price objective on Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a report on Monday, July 20th. Royal Bank Of Canada cut their price objective on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Wells Fargo & Company boosted their target price on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Eight 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 stock presently has an average rating of “Moderate Buy” and an average target price of $135.93.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the sale, the director directly owned 60,000 shares in the company, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. 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 insiders.

Autoliv 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.