Jupiter Topco LLC Takes Position in Autoliv, Inc. $ALV

Jupiter Topco LLC acquired a new stake in Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,979 shares of the auto parts company’s stock, valued at approximately $3,251,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in Autoliv by 11.0% during the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after buying an additional 82 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Autoliv by 5.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock valued at $199,000 after buying an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Autoliv by 21.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 98 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Autoliv by 5.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 99 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Autoliv by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock worth $1,482,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV stock opened at $121.22 on Thursday. The company has a market cap of $8.88 billion, a P/E ratio of 14.28, a PEG ratio of 0.95 and a beta of 1.36. The firm has a fifty day moving average price of $120.81 and a 200 day moving average price of $117.90. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17.

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

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a $0.87 dividend. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s dividend payout ratio is presently 40.99%.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the sale, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ALV shares. Jefferies Financial Group upgraded Autoliv to a “hold” 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. TD Cowen reduced their price target on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Wells Fargo & Company boosted their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

About Autoliv

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.