Norges Bank Buys Shares of 1,058,207 Autoliv, Inc. $ALV

Norges Bank purchased a new position in Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,058,207 shares of the auto parts company’s stock, valued at approximately $125,609,000. Norges Bank owned 1.39% of Autoliv at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. purchased a new stake in Autoliv during the 4th quarter worth about $125,000. Northwestern Mutual Wealth Management Co. grew its holdings in Autoliv by 21.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after buying an additional 98 shares in the last quarter. Intech Investment Management LLC purchased a new position in Autoliv during the 4th quarter valued at about $8,336,000. Geode Capital Management LLC increased its position in shares of Autoliv by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,349,393 shares of the auto parts company’s stock valued at $160,206,000 after buying an additional 84,668 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Autoliv by 72.0% during the fourth quarter. Hantz Financial Services Inc. now owns 2,126 shares of the auto parts company’s stock valued at $252,000 after buying an additional 890 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ALV. Royal Bank Of Canada raised their price objective on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wells Fargo & Company set a $116.00 target price on shares of Autoliv in a report on Monday, April 20th. Bank of America assumed coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. TD Cowen cut their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Barclays reduced their price target on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.00.

Autoliv Stock Up 0.2%

Shares of NYSE ALV opened at $130.67 on Friday. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.87 and a beta of 1.33. The business has a 50-day moving average of $116.27 and a 200-day moving average of $118.15.

Autoliv (NYSE:ALV) last announced its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm posted $2.15 earnings per share. Autoliv’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. Autoliv’s dividend payout ratio is presently 37.42%.

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.