Leonteq Securities AG Acquires 5,357 Shares of Autoliv, Inc. $ALV

Leonteq Securities AG lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 333.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,965 shares of the auto parts company’s stock after purchasing an additional 5,357 shares during the period. Leonteq Securities AG’s holdings in Autoliv were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Autoliv during the 1st quarter worth about $412,000. NewEdge Advisors LLC increased its stake in shares of Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after buying an additional 326 shares during the period. Jones Financial Companies Lllp raised its position in shares of Autoliv by 3,361.1% during the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock worth $937,000 after acquiring an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Autoliv by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after acquiring an additional 89,918 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Autoliv by 5.1% in the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 268 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 0.0%

Autoliv stock opened at $116.27 on Friday. The company has a market capitalization of $8.70 billion, a PE ratio of 12.50, a PEG ratio of 0.78 and a beta of 1.35. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The firm’s fifty day moving average is $121.19 and its 200 day moving average is $118.60. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The firm 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 firm posted $2.15 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s payout ratio is presently 37.42%.

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 stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALV. Wells Fargo & Company increased their target price on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Barclays dropped their price target on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Weiss Ratings raised shares of Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Bank of America began coverage on shares of Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective for the company. Finally, TD Cowen dropped 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. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $135.27.

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.