Northstar Advisory Group LLC Invests $1.48 Million in Autoliv, Inc. $ALV

Northstar Advisory Group LLC bought a new stake in Autoliv, Inc. (NYSE:ALV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,014 shares of the auto parts company’s stock, valued at approximately $1,484,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB purchased a new stake in shares of Autoliv in the 3rd quarter valued at approximately $7,697,000. Lancaster Investment Management grew its stake in shares of Autoliv by 1.1% during the second 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Autoliv by 6.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,558 shares of the auto parts company’s stock valued at $622,000 after buying an additional 316 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Autoliv by 17.1% in the third quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock valued at $10,934,000 after buying an additional 12,944 shares in the last quarter. Finally, Occudo Quantitative Strategies LP raised its stake in Autoliv by 129.2% in the second quarter. Occudo Quantitative Strategies LP now owns 28,012 shares of the auto parts company’s stock valued at $3,135,000 after buying an additional 15,790 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALV shares. Evercore ISI increased their price objective on Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Berenberg Bank set a $134.00 price target on Autoliv in a report on Tuesday, October 21st. Barclays raised their price objective on shares of Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and increased their target price for the company from $109.00 to $140.00 in a research report on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.00.

Autoliv Trading Up 0.1%

NYSE ALV opened at $127.13 on Tuesday. The firm’s fifty day moving average is $121.12 and its two-hundred day moving average is $120.43. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95. The firm has a market cap of $9.66 billion, a PE ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.32.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 annualized dividend 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 currently 35.95%.

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.