ABN AMRO Bank N.V. Boosts Holdings in Autoliv, Inc. $ALV

ABN AMRO Bank N.V. lifted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,217 shares of the auto parts company’s stock after acquiring an additional 27,502 shares during the period. ABN AMRO Bank N.V.’s holdings in Autoliv were worth $34,974,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Northstar Advisory Group LLC acquired a new stake in Autoliv during the 3rd quarter worth approximately $1,484,000. First Citizens Bank & Trust Co. purchased a new stake in Autoliv during the third quarter worth approximately $1,385,000. Asset Management One Co. Ltd. grew its stake in Autoliv by 17.1% during the third quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock worth $10,934,000 after buying an additional 12,944 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Autoliv in the third quarter worth $7,697,000. Finally, Lancaster Investment Management boosted its position in Autoliv by 1.1% during the 2nd quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company’s stock worth $102,171,000 after purchasing an additional 9,523 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV stock opened at $126.57 on Thursday. The firm has a fifty day moving average of $122.27 and a two-hundred day moving average of $120.81. The firm has a market cap of $9.61 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.76 and a beta of 1.32. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.05 EPS. As a group, research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s dividend payout ratio (DPR) is 36.40%.

Analyst Ratings Changes

A number of research analysts have commented on ALV shares. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research note on Friday, October 10th. JPMorgan Chase & Co. upgraded shares of Autoliv from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $109.00 to $140.00 in a research note on Wednesday, November 26th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a research report on Tuesday, October 21st. Wells Fargo & Company lowered their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Finally, Robert W. Baird set a $132.00 price objective on shares of Autoliv in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $134.40.

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.