JPMorgan Chase & Co. Acquires 18,673 Shares of Autoliv, Inc. $ALV

JPMorgan Chase & Co. increased its holdings in Autoliv, Inc. (NYSE:ALV) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,208 shares of the auto parts company’s stock after acquiring an additional 18,673 shares during the period. JPMorgan Chase & Co.’s holdings in Autoliv were worth $22,256,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ALV. Norges Bank acquired a new position in Autoliv during the 2nd quarter valued at about $110,368,000. LSV Asset Management boosted its position in shares of Autoliv by 54.9% during the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the last quarter. Invesco Ltd. grew its holdings in Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after buying an additional 496,261 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Autoliv in the 3rd quarter valued at $41,163,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Autoliv in the 2nd quarter valued at $34,816,000. Institutional investors own 69.57% of the company’s stock.

Insiders Place Their Bets

In other Autoliv news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total value of $194,332.78. Following the sale, the insider directly owned 7,739 shares in the company, valued at $941,139.79. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the transaction, the executive vice president directly owned 1,963 shares in the company, valued at $239,544.89. This represents a 39.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,243 shares of company stock valued at $2,713,735. Company insiders own 0.30% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $118.43 on Monday. The company has a market capitalization of $8.85 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $130.14. The company has a 50-day simple moving average of $123.80 and a 200 day simple moving average of $122.04.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same period in the previous year, the business earned $3.05 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

Analysts Set New Price Targets

ALV has been the topic of a number of analyst reports. Robert W. Baird set a $132.00 price objective on shares of Autoliv in a report on Monday, February 2nd. TD Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, February 2nd. Wells Fargo & Company reduced their price objective on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 9th. Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and a consensus 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.