Wellington Management Group LLP Boosts Holdings in Autoliv, Inc. $ALV

Wellington Management Group LLP grew its stake in Autoliv, Inc. (NYSE:ALV) by 21.4% during the 2nd quarter, Holdings Channel reports. The firm owned 821,589 shares of the auto parts company’s stock after purchasing an additional 145,013 shares during the quarter. Wellington Management Group LLP’s holdings in Autoliv were worth $95,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Autoliv during the 2nd quarter worth about $573,245,000. Swedbank AB boosted its holdings in Autoliv by 14.4% in the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after buying an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Autoliv by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock worth $304,185,000 after buying an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Autoliv by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after buying an additional 70,424 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Autoliv by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after acquiring an additional 21,221 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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 value of $2,548,910.00. Following the completion of the sale, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALV has been the topic of several research reports. TD Cowen decreased their target price on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Wells Fargo & Company lifted their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Trading Down 1.7%

ALV opened at $119.20 on Wednesday. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The company’s 50 day simple moving average is $120.76 and its two-hundred day simple moving average is $117.92. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17. 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 posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) 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 last year, the company earned $2.21 earnings per share. Autoliv’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect 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 paid 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 2.9%. Autoliv’s payout ratio is 40.99%.

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.