AlphaQuest LLC Takes Position in Autoliv, Inc. $ALV

AlphaQuest LLC purchased a new position in Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,194 shares of the auto parts company’s stock, valued at approximately $4,223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC boosted its holdings 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 worth $29,000 after buying an additional 246 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Autoliv during the third quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 valued at $39,000 after acquiring an additional 177 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Autoliv by 18,550.0% in the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 371 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in Autoliv in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ALV. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Evercore ISI lifted their price target on Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Morgan Stanley set a $140.00 price target on Autoliv in a research report on Wednesday, November 26th. TD Cowen restated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a research note on Friday, October 10th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.00.

Autoliv Stock Up 0.2%

Shares of Autoliv stock opened at $126.44 on Friday. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.78 and a beta of 1.32. The stock has a 50-day simple moving average of $121.81 and a 200-day simple moving average of $120.58. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $130.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70.

Autoliv Increases Dividend

The firm 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. 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%. This is an increase from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is 35.95%.

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.