Allianz Asset Management GmbH Purchases 3,284 Shares of Autoliv, Inc. (NYSE:ALV)

Allianz Asset Management GmbH grew its position in Autoliv, Inc. (NYSE:ALVFree Report) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,828 shares of the auto parts company’s stock after buying an additional 3,284 shares during the period. Allianz Asset Management GmbH’s holdings in Autoliv were worth $3,287,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALV. Benjamin F. Edwards & Company Inc. bought a new position in Autoliv in the fourth quarter valued at approximately $27,000. Rise Advisors LLC boosted its position in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 223 shares during the period. Quadrant Capital Group LLC increased its holdings in Autoliv by 38.6% in the fourth quarter. Quadrant Capital Group LLC now owns 922 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 257 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in Autoliv by 8.5% in the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock valued at $129,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

ALV has been the subject of several analyst reports. Bank of America boosted their target price on Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. StockNews.com raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on shares of Autoliv from $126.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Mizuho boosted their price target on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Barclays raised their price objective on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $129.50.

Read Our Latest Research Report on ALV

Autoliv Stock Performance

ALV opened at $119.74 on Friday. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 0.67 and a beta of 1.65. The business’s 50-day moving average price is $121.47 and its two-hundred day moving average price is $113.57. Autoliv, Inc. has a 1 year low of $82.21 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82.

Autoliv (NYSE:ALVGet Free Report) last announced its earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. Equities analysts expect that Autoliv, Inc. will post 9.82 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, May 22nd. Autoliv’s payout ratio is 42.43%.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the sale, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Autoliv Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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