Quantbot Technologies LP Purchases New Stake in Autoliv, Inc. $ALV

Quantbot Technologies LP acquired a new position in Autoliv, Inc. (NYSE:ALV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 62,161 shares of the auto parts company’s stock, valued at approximately $7,221,000.

A number of other large investors also recently added to or reduced their stakes in ALV. Torren Management LLC acquired a new stake in shares of Autoliv during the 4th quarter worth approximately $25,000. IFP Advisors Inc lifted its holdings in Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the period. Quarry LP bought a new position in Autoliv in the third quarter valued at approximately $36,000. Finally, Johnson Financial Group Inc. bought a new position in Autoliv in the third quarter valued at approximately $37,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALV. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Royal Bank Of Canada reduced their price target on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. UBS Group lifted their price objective on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Weiss Ratings downgraded Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Finally, TD Cowen cut their target price on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.93.

Insider Transactions at Autoliv

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 stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the sale, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.34% of the company’s stock.

Autoliv Stock Up 2.9%

NYSE:ALV opened at $125.23 on Friday. The stock has a 50-day simple moving average of $120.36 and a 200 day simple moving average of $118.07. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a market cap of $9.17 billion, a PE ratio of 14.75, a PEG ratio of 1.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The business’s revenue for the quarter 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. On average, sell-side analysts expect that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is 40.99%.

Autoliv Company 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.