Louisiana State Employees Retirement System Makes New Investment in Autoliv, Inc. $ALV

Louisiana State Employees Retirement System acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,900 shares of the auto parts company’s stock, valued at approximately $2,093,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. UMB Bank n.a. increased its position in Autoliv by 11.0% in the fourth quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 82 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Autoliv by 5.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock worth $199,000 after buying an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Autoliv by 21.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock worth $66,000 after buying an additional 98 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of 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 valued at $214,000 after buying an additional 99 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALV. Barclays dropped their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Wall Street Zen upgraded Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings raised Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. TD Cowen dropped their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Robert W. Baird boosted their target price on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $135.27.

Autoliv Trading Down 0.2%

ALV opened at $116.31 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $121.38 and its two-hundred day moving average is $118.71. The company has a market capitalization of $8.71 billion, a P/E ratio of 12.51, a PEG ratio of 0.78 and a beta of 1.33. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 EPS. Analysts forecast that Autoliv, Inc. will post 10.53 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

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.