Vestcor Inc Purchases New Holdings in Autoliv, Inc. $ALV

Vestcor Inc purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,335 shares of the auto parts company’s stock, valued at approximately $633,000.

Several other hedge funds also recently added to or reduced their stakes in ALV. Torren Management LLC bought a new position in Autoliv during the 4th quarter valued at about $25,000. IFP Advisors Inc grew its holdings in Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Quarry LP bought a new position in Autoliv during the 3rd quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in Autoliv during the 3rd quarter valued at about $37,000. Finally, Allworth Financial LP grew its holdings in Autoliv by 298.8% during the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 245 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALV. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Robert W. Baird upped their target price on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Bank of America started coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Barclays dropped their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, TD Cowen dropped their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Autoliv Price Performance

Shares of ALV stock opened at $128.38 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The company has a market capitalization of $9.61 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.85 and a beta of 1.33. The company’s 50-day simple moving average is $117.18 and its two-hundred day simple moving average is $118.30. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17.

Autoliv (NYSE:ALV) last issued its earnings results on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 EPS. As a group, equities analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.

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.