Man Group plc Invests $3.11 Million in Autoliv, Inc. $ALV

Man Group plc bought a new stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,769 shares of the auto parts company’s stock, valued at approximately $3,110,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ALV. BlackRock Inc. acquired a new position in Autoliv during the 2nd quarter worth approximately $573,245,000. Norges Bank acquired a new stake in Autoliv in the fourth quarter valued at approximately $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 purchasing an additional 578,906 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Autoliv during the second quarter valued at approximately $65,124,000. Finally, AQR Capital Management LLC lifted its position 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 in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of ALV stock opened at $121.40 on Tuesday. The firm has a fifty day moving average of $120.72 and a two-hundred day moving average of $117.98. The firm has a market cap 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. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79.

Autoliv (NYSE:ALV) last issued its quarterly earnings results 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 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%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 EPS. As a group, research analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal 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 issued 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 is Friday, August 28th. Autoliv’s payout ratio is 40.99%.

Insider Buying and Selling 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 transaction 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 represents a 24.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target 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. UBS Group upped their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. TD Cowen lowered their target price on Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.