LSV Asset Management Takes Position in Autoliv, Inc. (NYSE:ALV)

LSV Asset Management acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,600 shares of the auto parts company’s stock, valued at approximately $1,388,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Autoliv during the fourth quarter worth $27,000. Rise Advisors LLC lifted its stake in shares of Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares during the period. Fifth Third Bancorp lifted its stake in shares of Autoliv by 269.5% during the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after buying an additional 636 shares during the period. Wahed Invest LLC lifted its stake in shares of Autoliv by 8.5% during the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after buying an additional 105 shares during the period. Finally, Platinum Investment Management Ltd. lifted its stake in shares of Autoliv by 32.7% during the third quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company’s stock worth $175,000 after buying an additional 448 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Autoliv Stock Up 0.5 %

ALV stock opened at $125.01 on Friday. The stock has a market capitalization of $10.17 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.77 and a beta of 1.70. The firm has a 50-day simple moving average of $119.51 and a 200-day simple moving average of $109.66. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. Autoliv, Inc. has a 52 week low of $79.66 and a 52 week high of $125.91.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.18%. Autoliv’s dividend payout ratio is currently 42.43%.

Analysts Set New Price Targets

ALV has been the subject of several recent research reports. Berenberg Bank raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 12th. Mizuho raised their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Barclays raised their target price on shares of Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, StockNews.com raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

Insider Transactions at Autoliv

In other news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now owns 327 shares in the company, valued at $35,868.63. The disclosure for this sale can be found here. Insiders sold 7,606 shares of company stock valued at $835,205 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Autoliv 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.