Pacer Advisors Inc. Acquires New Position in Autoliv, Inc. (NYSE:ALV)

Posted by Defense World Staff on Sep 28th, 2023

Pacer Advisors Inc. acquired a new stake in Autoliv, Inc. (NYSE:ALV – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,600 shares of the auto parts company’s stock, valued at approximately $1,157,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Autoliv during the 1st quarter valued at approximately $28,000. Quadrant Capital Group LLC lifted its position in shares of Autoliv by 33.3% during the 4th quarter. Quadrant Capital Group LLC now owns 553 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 138 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Autoliv during the 1st quarter valued at approximately $49,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Autoliv during the 2nd quarter valued at approximately $72,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Autoliv during the 1st quarter valued at approximately $122,000. Institutional investors and hedge funds own 56.70% of the company’s stock.

Insider Activity

In other news, Director Leif Johansson sold 11,400 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $93.01, for a total value of $1,060,314.00. Following the completion of the transaction, the director now directly owns 10,774 shares in the company, valued at $1,002,089.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALV. Barclays lifted their price target on shares of Autoliv from $95.00 to $97.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 25th. Wells Fargo & Company lifted their price objective on Autoliv from $95.00 to $96.00 in a research report on Monday, July 10th. StockNews.com started coverage on Autoliv in a research report on Thursday, August 17th. They set a “buy” rating for the company. Mizuho lifted their price objective on Autoliv from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Finally, Bank of America lowered their target price on shares of Autoliv from $130.00 to $127.00 in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.17.

Check Out Our Latest Stock Report on Autoliv

Autoliv Stock Performance

Shares of ALV stock opened at $95.70 on Thursday. The firm has a market capitalization of $8.17 billion, a P/E ratio of 21.36, a P/E/G ratio of 0.50 and a beta of 1.72. The company’s fifty day moving average price is $97.21 and its two-hundred day moving average price is $90.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.04 and a quick ratio of 0.79. Autoliv, Inc. has a 12 month low of $66.33 and a 12 month high of $103.99.

Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.52. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. Autoliv had a net margin of 3.98% and a return on equity of 19.67%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, research analysts anticipate that Autoliv, Inc. will post 6.68 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, September 7th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Wednesday, September 6th. Autoliv’s dividend payout ratio (DPR) is presently 58.93%.

About Autoliv

(Free Report)

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.