Dynamic Technology Lab Private Ltd Purchases New Stake in Autoliv, Inc. $ALV

Dynamic Technology Lab Private Ltd acquired a new position in Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 7,260 shares of the auto parts company’s stock, valued at approximately $897,000.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Autoliv during the 3rd quarter valued at about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Autoliv by 103.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Autoliv by 18,550.0% in the third quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 371 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Autoliv during the third quarter worth approximately $53,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Autoliv by 24.8% during the third quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 89 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Price Performance

NYSE ALV opened at $109.54 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $8.18 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The company has a 50 day moving average price of $122.85 and a two-hundred day moving average price of $121.73.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same quarter last year, the business posted $3.05 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is 36.40%.

Analyst Ratings Changes

A number of brokerages recently commented on ALV. Morgan Stanley set a $140.00 price objective on shares of Autoliv in a research note on Wednesday, November 26th. Evercore decreased their target price on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Barclays reaffirmed an “overweight” rating and issued a $140.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Finally, Robert W. Baird set a $132.00 price objective on Autoliv in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.71.

Insider Buying and Selling

In related news, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the sale, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. The trade was a 39.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the sale, the director directly owned 5,549 shares of the company’s stock, valued at $668,099.60. The trade was a 59.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,243 shares of company stock valued at $2,713,735. 0.30% of the stock is owned by corporate 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.