Transcend Capital Advisors LLC Takes Position in Autoliv, Inc. (NYSE:ALV)

Transcend Capital Advisors LLC acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,287 shares of the auto parts company’s stock, valued at approximately $352,000.

Other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Autoliv during the 4th quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in Autoliv during the 1st quarter worth approximately $36,000. Parallel Advisors LLC grew its position in Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares during the last quarter. Rise Advisors LLC grew its position in Autoliv by 104.9% during the 1st quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 280 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position 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 worth $68,000 after acquiring an additional 617 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALV. BNP Paribas began coverage on Autoliv in a research report on Tuesday, June 18th. They set a “neutral” rating on the stock. Citigroup reduced their price target on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Barclays reduced their price target on Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. HSBC initiated coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective on the stock. Finally, Wolfe Research raised Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 target price on the stock in a research note on Monday, July 8th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $126.46.

Autoliv Stock Down 3.1 %

Autoliv stock traded down $3.07 during mid-day trading on Friday, hitting $96.69. The company had a trading volume of 672,857 shares, compared to its average volume of 964,535. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average price is $109.94 and its two-hundred day moving average price is $114.29. Autoliv, Inc. has a 12 month low of $89.37 and a 12 month high of $129.38. The company has a market capitalization of $7.74 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $1.93 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 9.28 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s payout ratio is currently 42.43%.

Insider Activity

In related news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the completion of the sale, the director now 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 can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Autoliv Company 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.