Artemis Investment Management LLP Cuts Position in Autoliv, Inc. (NYSE:ALV)

Artemis Investment Management LLP decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 11.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,722 shares of the auto parts company’s stock after selling 18,305 shares during the period. Artemis Investment Management LLP owned 0.18% of Autoliv worth $17,787,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ALV. Vanguard Group Inc. increased its position in Autoliv by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock valued at $206,103,000 after buying an additional 133,746 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after purchasing an additional 278,800 shares during the last quarter. Norges Bank bought a new position in Autoliv in the 4th quarter worth about $91,065,000. Balyasny Asset Management L.P. grew its position in Autoliv by 169.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock valued at $83,661,000 after purchasing an additional 477,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Autoliv by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,042 shares of the auto parts company’s stock valued at $55,540,000 after purchasing an additional 8,198 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALV has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Autoliv from $128.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Tuesday. BNP Paribas started coverage on Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price target on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Robert W. Baird lifted their price objective on Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and upped their target price for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Autoliv currently has an average rating of “Hold” and a consensus price target of $128.90.

Autoliv Stock Up 0.7 %

Shares of ALV stock opened at $106.99 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. Autoliv, Inc. has a 12 month low of $83.69 and a 12 month high of $129.38. The stock has a market cap of $8.71 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.66 and a beta of 1.65. The company has a 50 day simple moving average of $119.26 and a two-hundred day simple moving average of $114.55.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. On average, research analysts expect that Autoliv, Inc. will post 9.74 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

Insider Activity

In related news, Director Jan Carlson sold 1,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares of the company’s stock, valued at approximately $9,822,237.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

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.