Fidelity Management & Research Co 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 10.23% to 4.74 million shares with purchase of 0.44 million shares. This fresh investment now brings its stake to 5.64% valued currently at $491.65 million. In addition, FIL Investments International raised its holdings by 0.18 million to 3.01 million shares. And The Vanguard Group, Inc. has lifted its position by 7.15% or 0.13 million shares – to 1.95 million shares.
With over 0.43 million Autoliv Inc. (ALV) shares trading Friday and a closing price of $109.40 on the day, the dollar volume was approximately $46.61 million. The shares have shown a positive half year performance of 32.35% and its price on 12/22/23 gained nearly 0.84%. Currently, there are 86.20M common shares owned by the public and among those 83.93M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for ALV have a consensus price objective of $111.46. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $78.30. The average price target is 1.85% above its recent price level and a downside to the estimated low will see the stock lose -39.72% over that period. But an upside of 27.07% will see the stock hit the forecast high price target while median target price for the stock is $106.00.
Insiders at the company have transacted a total of 59 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 42,425 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 25,034 shares.
The top 3 mutual fund holders in Autoliv Inc. are iShares Core S&P Mid Cap ETF, Fidelity Inv. Trust – Series Inte, and Vanguard Extended Market Index Fu. iShares Core S&P Mid Cap ETF owns 2.34 million shares of the company’s stock, all valued at over $242.88 million. The company bought an additional 416.0 shares recently to bring their total holdings to about 2.79% of the shares outstanding. Fidelity Inv. Trust – Series Inte bought 13300.0 shares to see its total holdings expand to 1.24 million shares valued at over $127.97 million and representing 1.47% of the shares outstanding. Vanguard Extended Market Index Fu bought 24172.0 shares to bring its total holdings to over 1.08 million shares at a value of $112.05 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.29% of the shares outstanding.
Shares of Autoliv Inc. (NYSE: ALV) opened at $108.63, up $0.14 from a prior closing price of $108.49. However, the script later moved the day high at 109.64, up 0.84%. The company’s stock has a 5-day price change of 5.87% and 12.22% over the past three months. ALV shares are trading 42.86% year to date (YTD), with the 12-month market performance up to 42.89% higher. It has a 12-month low price of $73.65 and touched a high of $108.52 over the same period. ALV has an average intraday trading volume of 877.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.82%, 10.27%, and 17.28% respectively.
Institutional ownership of Autoliv Inc. (NYSE: ALV) shares accounts for 62.77% of the company’s 86.20M shares outstanding. Mutual fund holders own 34.00%, while other institutional holders and individual stakeholders account for 8.20% and 29.43% respectively.
It has a market capitalization of $9.21B and a beta (3y monthly) value of 1.73. The stock’s trailing 12-month PE ratio is 22.55, while the earnings-per-share (ttm) stands at $4.85. The company has a PEG of 0.61 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.52% over the week and 1.64% over the month.
Analysts forecast that Autoliv Inc. (ALV) will achieve an EPS of $3.17 for the current quarter, $1.98 for the next quarter and $9.99 for 2024. The lowest estimate earnings-per-share for the quarter is $2.73 while analysts give the company a high EPS estimate of $3.49. Comparatively, EPS for the current quarter was $1.83 a year ago. Earnings per share for the fiscal year are expected to increase by 69.74%, and 30.73% over the next financial year. EPS should grow at an annualized rate of 37.27% over the next five years, compared to -0.08% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate Autoliv Inc. (ALV) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 13 of the 25 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. Kepler stated their Buy rating for the stock in a research note on May 11, 2023, with the firm’s price target at $105.
