Envestnet Portfolio Solutions Inc. Purchases New Position in Autoliv, Inc. $ALV

Envestnet Portfolio Solutions Inc. acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,142 shares of the auto parts company’s stock, valued at approximately $1,376,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. True Wealth Design LLC grew its stake in shares of Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after buying an additional 246 shares in the last quarter. Root Financial Partners LLC purchased a new position in Autoliv in the 3rd quarter worth approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Autoliv by 103.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 177 shares during the period. Global Retirement Partners LLC grew its position 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 valued at $46,000 after acquiring an additional 371 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Autoliv during the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the subject of several analyst reports. Morgan Stanley set a $140.00 target price on shares of Autoliv in a research note on Wednesday, November 26th. Berenberg Bank set a $134.00 target price on Autoliv in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research note on Friday, October 10th. Wells Fargo & Company dropped their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Finally, UBS Group reiterated an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Autoliv Stock Up 0.9%

Shares of Autoliv stock opened at $128.27 on Wednesday. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $130.14. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.79 and a beta of 1.32. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $121.34 and its 200-day simple moving average is $120.50.

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 issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 21st. Autoliv’s dividend 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.