Vestcor Inc Buys New Shares in Autoliv, Inc. $ALV

Vestcor Inc bought a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,335 shares of the auto parts company’s stock, valued at approximately $633,000.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Autoliv by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock worth $22,256,000 after purchasing an additional 18,673 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new stake in Autoliv in the 3rd quarter worth $1,302,000. Elo Mutual Pension Insurance Co purchased a new stake in Autoliv in the 3rd quarter worth $2,198,000. Jupiter Asset Management Ltd. purchased a new stake in Autoliv in the 3rd quarter worth $4,294,000. Finally, Artemis Investment Management LLP purchased a new stake in Autoliv in the 4th quarter worth $2,075,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALV. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Bank of America began coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target on the stock. Weiss Ratings cut shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, TD Cowen decreased their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv Stock Up 0.6%

Shares of NYSE ALV opened at $128.38 on Tuesday. The firm’s 50-day moving average price is $117.18 and its 200-day moving average price is $118.30. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.85 and a beta of 1.33. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17.

Autoliv (NYSE:ALV) last announced its earnings results 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. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 EPS. On average, equities research analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Dividend Announcement

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

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.