Manhattan West Asset Management LLC Makes New $4.11 Million Investment in Autoliv, Inc. $ALV

Manhattan West Asset Management LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,379 shares of the auto parts company’s stock, valued at approximately $4,110,000.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 107 shares during the period. Torren Management LLC acquired a new stake in shares of Autoliv during the 4th quarter worth $25,000. Parkside Financial Bank & Trust increased its position in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares during the period. Quarry LP bought a new position in shares of Autoliv in the third quarter worth $36,000. Finally, Johnson Financial Group Inc. acquired a new position in Autoliv in the third quarter valued at about $37,000. 69.57% of the stock is currently owned by institutional investors.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Autoliv Price Performance

Shares of ALV stock opened at $125.23 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The company has a market cap of $9.17 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.97 and a beta of 1.34. The business has a fifty day simple moving average of $120.36 and a 200 day simple moving average of $118.07.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. UBS Group boosted their target price on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Wells Fargo & Company increased their price target on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Finally, TD Cowen decreased their price objective on shares of 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.93.

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.