KLP Kapitalforvaltning AS Grows Stock Position in Autoliv, Inc. $ALV

KLP Kapitalforvaltning AS lifted its holdings in Autoliv, Inc. (NYSE:ALV) by 26.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,100 shares of the auto parts company’s stock after purchasing an additional 4,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Autoliv were worth $2,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALV. Swedbank AB grew its position in Autoliv by 8.5% during the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock valued at $321,254,000 after buying an additional 203,511 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Autoliv by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after acquiring an additional 34,064 shares during the last quarter. LSV Asset Management grew its position in shares of Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after acquiring an additional 463,449 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Autoliv by 26.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after purchasing an additional 206,200 shares in the last quarter. Finally, Norges Bank bought a new position in Autoliv in the 2nd quarter worth $110,368,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their price target on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Evercore ISI boosted their price objective on Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a report on Tuesday, October 21st. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Finally, Robert W. Baird reduced their price objective on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.07.

Autoliv Trading Up 0.8%

ALV stock opened at $125.02 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.54. The business has a 50 day simple moving average of $119.86 and a two-hundred day simple moving average of $119.49. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.84 and a beta of 1.32.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were issued a $0.87 dividend. The ex-dividend date was Friday, November 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. This is an increase from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is presently 35.95%.

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.