SeaCrest Wealth Management LLC Invests $33,000 in Autoliv, Inc. (NYSE:ALV)

SeaCrest Wealth Management LLC acquired a new position in Autoliv, Inc. (NYSE:ALVGet Rating) in the second quarter, Holdings Channel.com reports. The firm acquired 464 shares of the auto parts company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Autoliv in the 1st quarter valued at about $122,000. Van ECK Associates Corp lifted its stake in shares of Autoliv by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 1,997 shares of the auto parts company’s stock valued at $153,000 after acquiring an additional 274 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Autoliv in the 1st quarter valued at about $232,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Autoliv by 7.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,092 shares of the auto parts company’s stock valued at $236,000 after acquiring an additional 217 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Autoliv in the 1st quarter valued at about $247,000. 48.50% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Up 1.6 %

Shares of NYSE:ALV opened at $87.81 on Wednesday. Autoliv, Inc. has a 52-week low of $65.74 and a 52-week high of $108.62. The firm has a market capitalization of $7.63 billion, a P/E ratio of 20.09 and a beta of 1.68. The stock has a 50 day moving average price of $77.17 and a 200-day moving average price of $77.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 1.04.

Autoliv (NYSE:ALVGet Rating) last announced its earnings results on Friday, October 21st. The auto parts company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.14). Autoliv had a return on equity of 13.11% and a net margin of 4.44%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts anticipate that Autoliv, Inc. will post 4.35 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 22nd will be paid a $0.66 dividend. The ex-dividend date is Monday, November 21st. This represents a $2.64 annualized dividend and a dividend yield of 3.01%. This is an increase from Autoliv’s previous quarterly dividend of $0.64. Autoliv’s dividend payout ratio is presently 58.58%.

Insider Buying and Selling

In related news, insider Svante Mogefors sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $89.00, for a total value of $89,000.00. Following the sale, the insider now owns 11,739 shares in the company, valued at approximately $1,044,771. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Autoliv news, major shareholder Cevian Capital Ii Gp Ltd bought 12,719 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were acquired at an average cost of $79.92 per share, for a total transaction of $1,016,502.48. Following the purchase, the insider now owns 6,107,791 shares in the company, valued at approximately $488,134,656.72. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Svante Mogefors sold 1,000 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $89.00, for a total value of $89,000.00. Following the sale, the insider now owns 11,739 shares in the company, valued at $1,044,771. The disclosure for this sale can be found here. Insiders have purchased 212,480 shares of company stock worth $16,676,102 in the last 90 days. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALV shares. Citigroup lowered their target price on Autoliv from $89.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, September 28th. Wells Fargo & Company upped their price target on Autoliv from $76.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on Autoliv from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, October 24th. Royal Bank of Canada upped their price target on Autoliv from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, October 24th. Finally, SEB Equities lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Autoliv Profile

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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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

Further Reading

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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