Royal Bank of Canada Buys 4,173 Shares of Autoliv, Inc. $ALV

Royal Bank of Canada increased its stake in Autoliv, Inc. (NYSE:ALV) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,088 shares of the auto parts company’s stock after buying an additional 4,173 shares during the period. Royal Bank of Canada owned 0.21% of Autoliv worth $16,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB grew its stake in Autoliv by 14.4% in the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after acquiring an additional 375,454 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Autoliv by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after acquiring an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Autoliv by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after purchasing an additional 70,424 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Autoliv by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the period. Finally, LSV Asset Management grew its stake in Autoliv by 6.5% in the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock worth $199,607,000 after purchasing an additional 101,922 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research reports. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Royal Bank Of Canada lowered their target price on Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research report on Monday, June 15th. UBS Group raised their price target on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company upped their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

Autoliv Stock Performance

Shares of ALV stock opened at $120.76 on Friday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.98 and a beta of 1.34. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $121.77 and its 200 day moving average is $118.32.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion for 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 firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 EPS. On average, sell-side analysts anticipate that Autoliv, Inc. will post 10.11 EPS for the current fiscal year.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.34% of the company’s stock.

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.