KLP Kapitalforvaltning AS Acquires 4,000 Shares of Autoliv, Inc. $ALV

KLP Kapitalforvaltning AS increased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,100 shares of the auto parts company’s stock after acquiring 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 hedge funds and other institutional investors have also bought and sold shares of ALV. True Wealth Design LLC lifted its holdings in shares of Autoliv by 1,892.3% during the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 246 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Autoliv by 103.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock valued at $39,000 after buying an additional 177 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Autoliv by 18,550.0% in the third quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 371 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Autoliv by 975.5% in the second quarter. Hantz Financial Services Inc. now owns 527 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 478 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Autoliv during the second quarter valued at $62,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALV. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research note on Friday, October 10th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a research note on Tuesday, October 21st. Evercore ISI increased their price target on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, November 24th. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and raised their price target for the company from $109.00 to $140.00 in a research report on Wednesday, November 26th. Finally, Mizuho boosted their price objective on shares of Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.07.

Autoliv Stock Performance

Shares of ALV stock opened at $125.02 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $119.86 and a 200-day moving average price of $119.49. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.54. The firm has a market capitalization of $9.50 billion, a PE ratio of 12.92, a P/E/G ratio of 0.84 and a beta of 1.32.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

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

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.