ABN AMRO Bank N.V. Decreases Position in Autoliv, Inc. $ALV

ABN AMRO Bank N.V. decreased its position in Autoliv, Inc. (NYSE:ALV) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 278,764 shares of the auto parts company’s stock after selling 8,122 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Autoliv were worth $29,609,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after purchasing an additional 18,673 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new position in shares of Autoliv during the 3rd quarter worth approximately $2,198,000. Artemis Investment Management LLP purchased a new position in shares of Autoliv during the 4th quarter worth approximately $2,075,000. SG Americas Securities LLC raised its position in shares of Autoliv by 576.9% during the 4th quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock worth $2,052,000 after purchasing an additional 14,733 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Autoliv by 118.3% during the 3rd quarter. Citigroup Inc. now owns 35,705 shares of the auto parts company’s stock worth $4,410,000 after purchasing an additional 19,347 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALV shares. Robert W. Baird upped their price objective on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. TD Cowen reduced their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Wall Street Zen raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Royal Bank Of Canada lifted their price target on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.27.

Autoliv Stock Performance

NYSE ALV opened at $119.31 on Friday. The business’s 50-day moving average price is $121.33 and its 200 day moving average price is $118.73. 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, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The company has a market capitalization of $8.93 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.80 and a beta of 1.33.

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

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 annualized dividend and a yield of 2.9%. Autoliv’s dividend payout ratio is 37.42%.

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.