KRS Capital Management LLC Raises Stake in Autoliv, Inc. (NYSE:ALV)

KRS Capital Management LLC boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 3.7% in the first quarter, HoldingsChannel reports. The fund owned 2,788 shares of the auto parts company’s stock after acquiring an additional 100 shares during the period. KRS Capital Management LLC’s holdings in Autoliv were worth $336,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALV. Benjamin F. Edwards & Company Inc. purchased a new position in Autoliv during the 4th quarter valued at about $27,000. Rise Advisors LLC lifted its position in Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares during the period. Register Financial Advisors LLC purchased a new position in Autoliv during the 1st quarter valued at about $36,000. Parallel Advisors LLC increased its stake in Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its stake in Autoliv by 15,425.0% during the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 617 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

ALV stock traded up $0.70 during midday trading on Friday, reaching $106.99. 699,535 shares of the company’s stock traded hands, compared to its average volume of 897,976. Autoliv, Inc. has a 52-week low of $83.69 and a 52-week high of $129.38. The stock has a market cap of $8.71 billion, a P/E ratio of 16.69, a PEG ratio of 0.65 and a beta of 1.65. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The stock’s 50-day moving average is $119.26 and its 200 day moving average is $114.55.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. As a group, analysts anticipate that Autoliv, Inc. will post 9.74 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd were given a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.54%. Autoliv’s payout ratio is currently 42.43%.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now directly owns 77,493 shares in the company, valued at $9,822,237.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ALV has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Bank of America raised their price objective on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Robert W. Baird lifted their price target on shares of Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Wells Fargo & Company reduced their price target on shares of Autoliv from $128.00 to $122.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $128.90.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.