Ceredex Value Advisors LLC Acquires Shares of 71,150 Autoliv, Inc. $ALV

Ceredex Value Advisors LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 71,150 shares of the auto parts company’s stock, valued at approximately $8,265,000.

Several other large investors have also recently modified their holdings of the business. IFP Advisors Inc boosted its holdings in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the period. Torren Management LLC bought a new stake in Autoliv during the 4th quarter valued at $25,000. Parkside Financial Bank & Trust raised its holdings 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 acquiring an additional 190 shares during the period. Quarry LP purchased a new stake in shares of Autoliv during the third quarter worth $36,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Autoliv during the third quarter worth $37,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 2.9%

ALV opened at $125.23 on Friday. The company has a fifty day moving average price of $120.36 and a 200-day moving average price of $118.07. The firm has a market capitalization of $9.17 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17.

Autoliv (NYSE:ALV) last released 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). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the company posted $2.21 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALV has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Royal Bank Of Canada cut their target price on Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a report on Monday, June 15th. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

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.