Bank of New York Mellon Corp Has $59.48 Million Stock Holdings in Autoliv, Inc. $ALV

Bank of New York Mellon Corp raised its position in Autoliv, Inc. (NYSE:ALV) by 19.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 565,623 shares of the auto parts company’s stock after acquiring an additional 90,412 shares during the period. Bank of New York Mellon Corp’s holdings in Autoliv were worth $59,481,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Autoliv in the fourth quarter valued at $25,000. IFP Advisors Inc lifted its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. Quarry LP acquired a new position in Autoliv during the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. bought a new stake in Autoliv during the 3rd quarter worth approximately $37,000. 69.57% of the stock is currently owned by institutional investors.

Insider Activity

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

Autoliv Trading Down 3.1%

NYSE ALV opened at $115.36 on Friday. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.94 and a beta of 1.35. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. 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 business’s fifty day moving average is $121.58 and its 200-day moving average is $118.55.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion for 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%. Autoliv’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS. Equities research analysts predict that Autoliv, Inc. will post 10.18 EPS for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. Autoliv’s dividend payout ratio (DPR) is presently 40.99%.

Analysts Set New Price Targets

Several analysts have recently commented on ALV shares. Wells Fargo & Company increased their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. TD Cowen cut their price objective on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada lowered their target price on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.93.

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.