Autoliv Inc. (NYSE: ALV) Is Getting Increasingly Hard To Ignore


    BlackRock Fund Advisors recently announced the acquisition of new stake in Autoliv Inc. (NYSE:ALV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.41% to 1.86 million shares with purchase of 78748.0 shares. This fresh investment now brings its stake to 2.14% valued currently at $118.57 million. In addition, Dimensional Fund Advisors LP raised its holdings by 29447.0 to 1.42 million shares. And Nordea Investment Management AB (. has lifted its position by 24.69% or 0.28 million shares – to 1.4 million shares.

    With over 0.33 million Autoliv Inc. (ALV) shares trading Wednesday and a closing price of $64.16 on the day, the dollar volume was approximately $21.18 million. The shares have shown a negative weekly performance of -0.54% and its price on 07/08/20 lost nearly -0.59%. Currently, there are 87.30M common shares owned by the public and among those 87.19M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for ALV have a consensus price objective of $66.97. The analysts have set the share’s price value over the next 12 months at a high of $79.00 and a low of $40.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Autoliv Inc. stock is 2.70 for the next 12 months. The average price target is 2.51% above its last price level and an upside to the estimated low will see the stock lose -60.4% over that period. But an upside of 18.78% will see the stock hit the forecast high price target while mean target price for the stock is $67.86.

    Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 30,920 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 7,254 shares.

    The top 3 mutual fund holders in Autoliv Inc. are Fjarde AP Fonden, Vanguard Extended Market Index Fu, and AMF Aktiefond Världen. Fjarde AP Fonden owns 1.32 million shares of the company’s stock, all valued at over $83.65 million. The company sold -0.3 million shares recently to bring their total holdings to about 1.51% of the shares outstanding. Vanguard Extended Market Index Fu bought 16331.0 shares to see its total holdings expand to 1.15 million shares valued at over $72.89 million and representing 1.31% of the shares outstanding. AMF Aktiefond Världen bought 57737.0 shares to bring its total holdings to over 0.83 million shares at a value of $52.81 million. AMF Aktiefond Världen now owns shares totaling to 0.95% of the shares outstanding.

    Shares of Autoliv Inc. (NYSE: ALV) opened at $64.85, up $0.31 from a prior closing price of $64.54. However, the script later closed the day at $64.16, down -0.59%. The company’s stock has a 5-day price change of -0.54% and 28.73% over the past three months. ALV shares are trading -23.99% year to date (YTD), with the 12-month market performance down to -2.91% lower. It has a 12-month low price of $38.16 and touched a high of $87.01 over the same period. Currently, 0.33 million shares have been traded, compared to an average intraday trading volume of 608.24K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.11%, 1.72%, and -8.88% respectively.

    Institutional ownership of Autoliv Inc. (NYSE: ALV) shares accounts for 47.20% of the company’s 87.30M shares outstanding. Mutual fund holders own 19.45%, while other institutional holders and individual stakeholders account for 23.94% and 0.57% respectively.

    It has a market capitalization of $5.37B and a beta (3y monthly) value of 1.83. The stock’s trailing 12-month PE ratio is 13.19, while the earnings-per-share (ttm) stands at $4.86. The company has a PEG of 1.91 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 3.43% over the month.

    Analysts forecast that Autoliv Inc. (ALV) will achieve an EPS of -$0.74 for the current quarter, $1.04 for the next quarter and $5.55 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.95 while analysts give the company a high EPS estimate of $0.96. Comparatively, EPS for the current quarter was $1.38 a year ago. Earnings per share for the fiscal year are expected to increase by 22.60%, and 101.45% over the next financial year. EPS should grow at an annualized rate of 6.90% over the next five years, compared to 0.80% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Autoliv Inc. (ALV) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 10 of the 21 advise that investors “hold,” and 2 rated it as a “Sell.”

    Looking at the support for the ALV, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on June 11, 2020. Wolfe Research coverage for the Autoliv Inc. (ALV) stock in a research note released on May 28, 2020 offered a Peer Perform rating with a price target of. RBC Capital Mkts was of a view on April 27, 2020 that the stock is Outperform, while Wolfe Research gave the stock Outperform rating on April 03, 2020. Evercore ISI on their part issued Underperform rating on March 30, 2020.


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