American Century Companies Inc. Buys 18,082 Shares of Autoliv, Inc. (NYSE:ALV)

American Century Companies Inc. increased its stake in Autoliv, Inc. (NYSE:ALV) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,733 shares of the auto parts company’s stock after acquiring an additional 18,082 shares during the period. American Century Companies Inc. owned about 0.15% of Autoliv worth $12,810,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALV. KRS Capital Management LLC increased its stake in Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its holdings in Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares during the period. Corient Private Wealth LLC boosted its position in Autoliv by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after buying an additional 107 shares during the period. Finally, Smithfield Trust Co grew its holdings in Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 144 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Trading Down 3.8 %

Shares of NYSE ALV opened at $92.85 on Friday. The stock has a market cap of $7.56 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The firm has a 50-day moving average of $98.98 and a 200 day moving average of $111.34.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.93 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.05 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.93%. Autoliv’s dividend payout ratio is currently 42.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALV. UBS Group raised shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Evercore ISI dropped their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a research report on Monday, July 15th. StockNews.com downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Finally, Barclays dropped their price target on Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.71.

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.