Canada Post Corp Registered Pension Plan Acquires New Stake in Autoliv, Inc. $ALV

Canada Post Corp Registered Pension Plan bought a new position in Autoliv, Inc. (NYSE:ALV) during the third quarter, HoldingsChannel.com reports. The fund bought 33,284 shares of the auto parts company’s stock, valued at approximately $4,150,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Swedbank AB grew its holdings in shares of Autoliv by 8.5% in the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after purchasing an additional 203,511 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Autoliv by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock valued at $281,741,000 after buying an additional 34,064 shares during the period. LSV Asset Management boosted its position in Autoliv by 83.3% in the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after buying an additional 463,449 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Autoliv by 26.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after acquiring an additional 206,200 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Autoliv during the second quarter worth approximately $110,368,000. 69.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALV. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $109.00 to $140.00 in a research note on Wednesday, November 26th. Wall Street Zen downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. UBS Group reiterated an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Evercore dropped their price target on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.40.

Autoliv Price Performance

Shares of ALV stock opened at $125.91 on Friday. The stock’s 50-day moving average is $122.55 and its 200 day moving average is $120.92. 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. The company has a market cap of $9.56 billion, a P/E ratio of 13.17, a PEG ratio of 1.06 and a beta of 1.32.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the firm posted $3.05 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts predict 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. Investors of record on Friday, November 21st were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s dividend payout ratio is currently 36.40%.

Autoliv 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.