Fifth Third Bancorp Has $2.75 Million Stake in Autoliv, Inc. $ALV

Fifth Third Bancorp raised its position in Autoliv, Inc. (NYSE:ALV) by 3,761.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,140 shares of the auto parts company’s stock after acquiring an additional 25,463 shares during the quarter. Fifth Third Bancorp’s holdings in Autoliv were worth $2,749,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in Autoliv by 11.7% during the first quarter. Sequoia Financial Advisors LLC now owns 3,733 shares of the auto parts company’s stock worth $393,000 after purchasing an additional 391 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Autoliv by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock valued at $1,482,000 after buying an additional 100 shares during the last quarter. Collaborative Fund Advisors LLC acquired a new stake in shares of Autoliv in the first quarter valued at approximately $248,000. Stephens Inc. AR bought a new position in shares of Autoliv during the 1st quarter worth approximately $255,000. Finally, HB Wealth Management LLC bought a new position in shares of Autoliv during the 1st quarter worth approximately $251,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ALV shares. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Robert W. Baird upped their price target on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Royal Bank Of Canada lowered their price target on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday. Finally, TD Cowen cut their price objective on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Monday. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

Autoliv Stock Down 2.3%

ALV stock opened at $117.52 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.80 and a beta of 1.35. The business’s fifty day moving average price is $121.76 and its two-hundred day moving average price is $118.61. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.21 EPS. On average, equities analysts anticipate that Autoliv, Inc. will post 10.52 earnings per share for the current year.

Autoliv Dividend Announcement

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

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of the firm’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 transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by insiders.

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.