Autoliv, Inc. $ALV Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Autoliv, Inc. (NYSE:ALV) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,349,393 shares of the auto parts company’s stock after purchasing an additional 84,668 shares during the quarter. Geode Capital Management LLC owned 1.78% of Autoliv worth $160,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Autoliv by 24.8% during the third quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 89 shares during the period. IFP Advisors Inc lifted its holdings in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Autoliv by 35.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 454 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 120 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Autoliv by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 29,510 shares of the auto parts company’s stock worth $3,503,000 after purchasing an additional 190 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Autoliv by 24.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 997 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings downgraded Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company set a $116.00 target price on Autoliv in a report on Monday, April 20th. Bank of America assumed coverage on Autoliv in a report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price for the company. Barclays decreased their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Finally, Jefferies Financial Group downgraded Autoliv from a “buy” rating to a “hold” rating and decreased their target price for the stock from $150.00 to $120.00 in a report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv Trading Down 0.9%

Shares of NYSE:ALV opened at $130.48 on Thursday. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The company has a market capitalization of $9.77 billion, a PE ratio of 14.03, a PEG ratio of 0.88 and a beta of 1.33. The business has a 50 day moving average of $115.75 and a two-hundred day moving average of $118.08. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the company posted $2.15 earnings per share. Autoliv’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts forecast that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th will be given a $0.87 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. Autoliv’s payout ratio is 37.42%.

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.