Canada Pension Plan Investment Board Has $2.04 Million Position in Autoliv, Inc. (NYSE:ALV)

Posted by Defense World Staff on Feb 27th, 2023

Canada Pension Plan Investment Board boosted its holdings in Autoliv, Inc. (NYSE:ALV – Get Rating) by 117.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,600 shares of the auto parts company’s stock after purchasing an additional 16,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Autoliv were worth $2,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Autoliv by 75.1% during the 2nd quarter. FMR LLC now owns 3,561,352 shares of the auto parts company’s stock worth $254,886,000 after acquiring an additional 1,527,778 shares during the last quarter. BlackRock Inc. boosted its holdings in Autoliv by 6.1% during the 1st quarter. BlackRock Inc. now owns 1,994,029 shares of the auto parts company’s stock worth $152,425,000 after acquiring an additional 113,949 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Autoliv by 2.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,923,726 shares of the auto parts company’s stock worth $130,813,000 after acquiring an additional 48,542 shares during the last quarter. Pictet Asset Management SA boosted its holdings in shares of Autoliv by 36,143.6% in the 2nd quarter. Pictet Asset Management SA now owns 1,881,045 shares of the auto parts company’s stock worth $134,626,000 after buying an additional 1,875,855 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Autoliv by 21.0% in the 1st quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock worth $138,693,000 after buying an additional 315,473 shares during the last quarter. 46.63% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Down 0.1 %

Shares of ALV opened at $91.37 on Monday. The firm has a market cap of $7.88 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.64 and a beta of 1.70. The stock has a 50 day simple moving average of $83.86 and a two-hundred day simple moving average of $80.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.02 and a quick ratio of 0.75. Autoliv, Inc. has a 1 year low of $65.74 and a 1 year high of $93.78.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Tuesday, March 7th. Autoliv’s dividend payout ratio (DPR) is presently 54.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ALV shares. Barclays started coverage on shares of Autoliv in a report on Tuesday, February 14th. They issued an “equal weight” rating and a $100.00 price target on the stock. Wells Fargo & Company boosted their price objective on Autoliv from $81.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, January 30th. UBS Group cut Autoliv from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $84.00 to $86.00 in a research note on Wednesday, December 7th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Sunday, February 5th. Finally, Citigroup upped their price target on Autoliv from $87.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.00.

Insider Activity

In other news, insider Fredrik Westin sold 538 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $89.21, for a total transaction of $47,994.98. Following the completion of the sale, the insider now owns 2,638 shares of the company’s stock, valued at $235,335.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Colin Naughton sold 420 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $90.87, for a total transaction of $38,165.40. Following the completion of the transaction, the insider now owns 4,809 shares in the company, valued at $436,993.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Fredrik Westin sold 538 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $89.21, for a total value of $47,994.98. Following the transaction, the insider now owns 2,638 shares of the company’s stock, valued at approximately $235,335.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,360 shares of company stock valued at $123,008. 0.20% of the stock is currently owned by company insiders.

Autoliv Company Profile

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Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. It operates through the airbag and seatbelt products and components segment. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels.