Northwestern Mutual Wealth Management Co. Buys 578,906 Shares of Autoliv, Inc. $ALV

Northwestern Mutual Wealth Management Co. increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 127,512.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 579,360 shares of the auto parts company’s stock after purchasing an additional 578,906 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Autoliv were worth $68,770,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALV. Integrated Wealth Concepts LLC purchased a new position in Autoliv during the 1st quarter valued at $412,000. NewEdge Advisors LLC boosted its holdings in Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 326 shares during the period. Jones Financial Companies Lllp boosted its holdings in Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after acquiring an additional 10,285 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after acquiring an additional 89,918 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Autoliv by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of ALV stock opened at $114.91 on Monday. Autoliv, Inc. has a twelve month low of $98.45 and a twelve month high of $130.14. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.77 and a beta of 1.31. The stock has a fifty day simple moving average of $110.78 and a two-hundred day simple moving average of $117.68. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64.

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

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Autoliv’s dividend payout ratio is currently 37.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALV. Robert W. Baird boosted their price objective on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company set a $116.00 price objective on Autoliv in a report on Monday, April 20th. TD Cowen lowered 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. Jefferies Financial Group cut Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $150.00 to $120.00 in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada upped their target price on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Insider Activity at Autoliv

In related news, insider Magnus Jarlegren sold 1,598 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total transaction of $194,332.78. Following the transaction, the insider directly owned 7,739 shares of the company’s stock, valued at $941,139.79. This represents a 17.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mikael Bratt sold 8,974 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total value of $1,108,378.74. Following the transaction, the chief executive officer directly owned 29,290 shares in the company, valued at $3,617,607.90. This represents a 23.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,243 shares of company stock worth $2,713,735 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

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.