Dynamic Technology Lab Private Ltd Acquires New Stake in Autoliv, Inc. $ALV

Dynamic Technology Lab Private Ltd bought a new position in Autoliv, Inc. (NYSE:ALV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,260 shares of the auto parts company’s stock, valued at approximately $897,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Autoliv during the 2nd quarter valued at $110,368,000. LSV Asset Management lifted its holdings in shares of Autoliv by 54.9% in the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the period. Invesco Ltd. boosted its stake in Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after buying an additional 496,261 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Autoliv during the third quarter valued at about $41,163,000. Finally, Balyasny Asset Management L.P. acquired a new position in Autoliv during the second quarter worth about $34,816,000. 69.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada lowered their price objective on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Morgan Stanley set a $140.00 target price on shares of Autoliv in a report on Wednesday, November 26th. Barclays reissued an “overweight” rating and set a $140.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Finally, TD Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.71.

Autoliv Trading Down 1.3%

NYSE:ALV opened at $109.54 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. The stock has a fifty day simple moving average of $122.85 and a 200 day simple moving average of $121.73.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.During the same quarter in the prior year, the firm posted $3.05 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is 36.40%.

Insider Buying and Selling at Autoliv

In related news, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franz-Josef Kortuem sold 8,300 shares of Autoliv stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director owned 5,549 shares in the company, valued at approximately $668,099.60. The trade was a 59.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,243 shares of company stock valued at $2,713,735 over the last three months. 0.30% of the stock is owned by insiders.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.