Westover Capital Advisors LLC Raises Stake in Autoliv, Inc. (NYSE:ALV)

Westover Capital Advisors LLC raised its stake in shares of Autoliv, Inc. (NYSE:ALV) by 51.5% in the second quarter, Holdings Channel reports. The institutional investor owned 10,250 shares of the auto parts company’s stock after buying an additional 3,484 shares during the quarter. Westover Capital Advisors LLC’s holdings in Autoliv were worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALV. GAMMA Investing LLC increased its holdings in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Register Financial Advisors LLC bought a new position in shares of Autoliv in the first quarter worth $36,000. Parallel Advisors LLC boosted its stake in Autoliv by 83.8% during the fourth 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 during the period. Rise Advisors LLC grew its position in Autoliv by 104.9% during the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock worth $66,000 after buying an additional 280 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its stake 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 worth $68,000 after acquiring an additional 617 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

ALV stock opened at $95.53 on Friday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.65 and a beta of 1.60. The firm’s 50-day moving average price is $100.47 and its two-hundred day moving average price is $112.21. 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 12-month low of $89.37 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 EPS. As a group, equities analysts predict that Autoliv, Inc. will post 9.05 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s payout ratio is currently 42.43%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ALV shares. Robert W. Baird cut their price objective on Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. StockNews.com cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Evercore ISI cut their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. BNP Paribas assumed coverage on Autoliv in a research report on Tuesday, June 18th. They set a “neutral” rating on the stock. Finally, Citigroup reduced their price objective on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $124.79.

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.