Inceptionr LLC Purchases Shares of 6,803 Autoliv, Inc. $ALV

Inceptionr LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,803 shares of the auto parts company’s stock, valued at approximately $761,000.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC grew its holdings in shares of Autoliv by 11,090.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,595 shares of the auto parts company’s stock valued at $626,000 after purchasing an additional 5,545 shares during the last quarter. XTX Topco Ltd purchased a new stake in Autoliv during the second quarter valued at about $937,000. Jefferies Financial Group Inc. bought a new position in shares of Autoliv during the second quarter valued at about $14,501,000. Prudential Financial Inc. grew its stake in shares of Autoliv by 18.4% during the second quarter. Prudential Financial Inc. now owns 2,805 shares of the auto parts company’s stock valued at $314,000 after buying an additional 435 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Autoliv by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after buying an additional 34,064 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Autoliv Stock Up 0.7%

Shares of Autoliv stock opened at $118.25 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.54. The company has a market cap of $8.98 billion, a P/E ratio of 12.22, a PEG ratio of 0.88 and a beta of 1.35. The company’s fifty day simple moving average is $120.39 and its two-hundred day simple moving average is $116.11.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.10 by $0.22. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. Research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date is Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is 35.95%.

Wall Street Analyst Weigh In

ALV has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and increased their target price for the company from $109.00 to $140.00 in a report on Wednesday. Wells Fargo & Company dropped their price objective on Autoliv from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Mizuho raised their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Evercore ISI lifted their target price on shares of Autoliv from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Cowen reissued a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $130.88.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.