Virtu Financial LLC Purchases New Stake in Autoliv, Inc. (NYSE:ALV)

Virtu Financial LLC purchased a new stake in Autoliv, Inc. (NYSE:ALV) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 3,330 shares of the auto parts company’s stock, valued at approximately $401,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Autoliv during the fourth quarter worth $27,000. Register Financial Advisors LLC bought a new position in Autoliv in the 1st quarter valued at about $36,000. Parallel Advisors LLC grew its position in Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after buying an additional 223 shares in the last quarter. Rise Advisors LLC grew its position in Autoliv by 104.9% in the 1st quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock valued at $66,000 after buying an additional 280 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after buying an additional 617 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. StockNews.com lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Wolfe Research upgraded shares of Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 price objective for the company in a research report on Monday, July 8th. UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $102.00 to $141.00 in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.46.

Autoliv Price Performance

ALV stock opened at $96.71 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a one year low of $89.37 and a one year high of $129.38. The firm has a market capitalization of $7.74 billion, a PE ratio of 15.09, a P/E/G ratio of 0.80 and a beta of 1.61. The firm has a 50-day moving average of $110.52 and a two-hundred day moving average of $114.19.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. Autoliv’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. On average, analysts forecast that Autoliv, Inc. will post 9.28 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

About Autoliv

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.