New Age Alpha Advisors LLC Acquires Shares of 60,947 Autoliv, Inc. (NYSE:ALV)

New Age Alpha Advisors LLC bought a new position in Autoliv, Inc. (NYSE:ALV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,947 shares of the auto parts company’s stock, valued at approximately $5,716,000. New Age Alpha Advisors LLC owned about 0.08% of Autoliv as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALV. Norges Bank purchased a new stake in Autoliv in the 4th quarter worth approximately $36,761,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Autoliv during the fourth quarter worth $246,000. LPL Financial LLC boosted its holdings in Autoliv by 2.0% during the fourth quarter. LPL Financial LLC now owns 9,655 shares of the auto parts company’s stock worth $906,000 after buying an additional 192 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Autoliv in the fourth quarter valued at $1,454,000. Finally, Sei Investments Co. raised its position in shares of Autoliv by 8.8% in the fourth quarter. Sei Investments Co. now owns 45,440 shares of the auto parts company’s stock worth $4,262,000 after acquiring an additional 3,668 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV opened at $89.18 on Friday. The firm has a 50-day simple moving average of $95.49 and a two-hundred day simple moving average of $95.58. The stock has a market cap of $6.90 billion, a PE ratio of 11.05, a P/E/G ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $87.55 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s payout ratio is 34.70%.

Insider Activity at Autoliv

In other news, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the sale, the insider now owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. This represents a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock worth $915,534 in the last three months. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Pareto Securities downgraded Autoliv to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Mizuho reduced their price objective on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $117.14.

About Autoliv

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.