Quantbot Technologies LP Makes New Investment in Autoliv, Inc. $ALV

Quantbot Technologies LP acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,161 shares of the auto parts company’s stock, valued at approximately $7,221,000. Quantbot Technologies LP owned about 0.08% of Autoliv as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Torren Management LLC bought a new position in Autoliv during the fourth quarter valued at about $25,000. IFP Advisors Inc grew its holdings 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 purchasing an additional 107 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 190 shares during the period. Quarry LP acquired a new position in shares of Autoliv in the third quarter valued at $36,000. Finally, Johnson Financial Group Inc. bought a new position in Autoliv in the third quarter worth $37,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the topic of several analyst reports. Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen decreased their price objective on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada dropped their target price on Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Jefferies Financial Group raised Autoliv to a “hold” rating in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.93.

Autoliv Stock Up 2.9%

Shares of ALV opened at $125.23 on Friday. The company has a market capitalization of $9.17 billion, a P/E ratio of 14.75, a PEG ratio of 1.00 and a beta of 1.34. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The business’s 50 day simple moving average is $120.36 and its 200-day simple moving average is $118.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s dividend payout ratio is currently 40.99%.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

About Autoliv

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.