Legal & General Group Plc Purchases Shares of 86,434 Autoliv, Inc. $ALV

Legal & General Group Plc purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 86,434 shares of the auto parts company’s stock, valued at approximately $10,041,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leuthold Group LLC boosted its stake in Autoliv by 29.2% in the fourth quarter. Leuthold Group LLC now owns 54,579 shares of the auto parts company’s stock worth $6,479,000 after buying an additional 12,340 shares in the last quarter. LSV Asset Management raised its stake in shares of Autoliv by 6.5% during the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock worth $199,607,000 after acquiring an additional 101,922 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of Autoliv in the 2nd quarter worth approximately $1,107,000. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Autoliv in the 4th quarter valued at $23,782,000. Finally, BlackRock Inc. purchased a new stake in shares of Autoliv in the 2nd quarter valued at $573,245,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group lifted their target price on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Wells Fargo & Company upped their price target on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Royal Bank Of Canada reduced their price objective on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings downgraded Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average target price of $135.93.

Autoliv Stock Performance

Autoliv stock opened at $121.40 on Tuesday. The stock’s 50 day simple moving average is $120.72 and its two-hundred day simple moving average is $117.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.97 and a beta of 1.34. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV) last posted its 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 return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company posted $2.21 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company 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 $0.87 dividend. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s dividend payout ratio is 40.99%.

Autoliv 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.