Chase Investment Counsel Corp Acquires New Stake in Autoliv, Inc. (NYSE:ALV)

Chase Investment Counsel Corp acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 22,405 shares of the auto parts company’s stock, valued at approximately $2,468,000.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Autoliv in the 4th quarter valued at $2,314,000. Foundry Partners LLC purchased a new stake in Autoliv during the fourth quarter valued at about $15,165,000. New York Life Investment Management LLC grew its stake in shares of Autoliv by 90.3% during the third quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock valued at $786,000 after buying an additional 3,867 shares during the last quarter. Versor Investments LP increased its holdings in shares of Autoliv by 43.5% in the third quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock worth $796,000 after buying an additional 2,501 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of Autoliv by 2.8% in the 3rd quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock valued at $22,307,000 after acquiring an additional 6,394 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 0.5 %

Shares of Autoliv stock traded down $0.64 during midday trading on Monday, hitting $121.65. The company had a trading volume of 348,048 shares, compared to its average volume of 542,848. Autoliv, Inc. has a 52-week low of $79.66 and a 52-week high of $125.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The company has a 50 day moving average of $117.74 and a 200 day moving average of $108.09. The stock has a market capitalization of $9.91 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.81 and a beta of 1.72.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. Autoliv’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. On average, equities analysts predict that Autoliv, Inc. will post 9.67 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

Analysts Set New Price Targets

Several research firms recently issued reports on ALV. Barclays raised their price target on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Mizuho increased their price target on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 12th. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Hold” and a consensus price target of $123.80.

Insider Activity at Autoliv

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the transaction, the vice president now owns 327 shares of the company’s stock, valued at approximately $35,868.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Colin Naughton sold 782 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the transaction, the insider now owns 5,594 shares in the company, valued at $619,143.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,388 shares of company stock valued at $921,757. 0.24% of the stock is owned by corporate insiders.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.