Ceredex Value Advisors LLC Buys New Position in Autoliv, Inc. $ALV

Ceredex Value Advisors LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,150 shares of the auto parts company’s stock, valued at approximately $8,265,000. Ceredex Value Advisors LLC owned approximately 0.10% of Autoliv at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in Autoliv during the 2nd quarter worth $573,245,000. Norges Bank purchased a new stake in shares of Autoliv in the fourth quarter valued at about $125,609,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Autoliv by 127,512.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after purchasing an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Autoliv during the second quarter valued at about $65,124,000. Finally, AQR Capital Management LLC lifted its position in shares of Autoliv by 151.7% during the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after purchasing an additional 556,651 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Autoliv Stock Performance

NYSE ALV opened at $125.23 on Friday. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a 50-day simple moving average of $120.36 and a 200 day simple moving average of $118.07. 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 company has a market capitalization of $9.17 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34.

Autoliv (NYSE:ALV) last released 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 net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Autoliv, Inc. will post 10.04 EPS for the current year.

Autoliv Announces Dividend

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

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares in the company, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.