70,231 Shares in Autoliv, Inc. $ALV Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 70,231 shares of the auto parts company’s stock, valued at approximately $8,336,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the period. Torren Management LLC acquired a new position in shares of Autoliv during the 4th quarter worth about $25,000. Quarry LP acquired a new position in shares of Autoliv during the 3rd quarter worth about $36,000. Johnson Financial Group Inc. acquired a new position in shares of Autoliv during the 3rd quarter worth about $37,000. Finally, Allworth Financial LP grew its position in shares of Autoliv by 298.8% during the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock worth $39,000 after buying an additional 245 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV opened at $127.21 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a 50 day simple moving average of $114.08 and a 200 day simple moving average of $117.97. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $130.25. The firm has a market capitalization of $9.52 billion, a PE ratio of 13.68, a P/E/G ratio of 0.85 and a beta of 1.31.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the firm earned $2.15 EPS. Autoliv’s quarterly revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be given a $0.87 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. Autoliv’s payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price for the company. Barclays decreased their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Royal Bank Of Canada boosted their target price on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Robert W. Baird boosted their target price on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

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.