AlphaQuest LLC Grows Stock Holdings in Autoliv, Inc. (NYSE:ALV)

AlphaQuest LLC increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 74.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 314 shares of the auto parts company’s stock after buying an additional 134 shares during the quarter. AlphaQuest LLC’s holdings in Autoliv were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after buying an additional 376,665 shares during the last quarter. Swedbank AB grew its holdings in shares of Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after purchasing an additional 159,067 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock valued at $45,530,000 after purchasing an additional 4,060 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 1.6 %

Shares of Autoliv stock opened at $89.39 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a 1 year low of $87.55 and a 1 year high of $129.38. The company has a market capitalization of $6.95 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.73 and a beta of 1.59. The business has a 50 day moving average price of $95.97 and a 200 day moving average price of $95.80.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Sell-side analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. Autoliv’s dividend payout ratio is currently 34.70%.

Wall Street Analysts Forecast Growth

ALV has been the topic of a number of analyst reports. Mizuho lowered their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Cowen initiated coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating on the stock. Pareto Securities lowered Autoliv to a “hold” rating in a report on Monday, February 3rd. Finally, Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.14.

Insider Buying and Selling

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock worth $915,534 in the last ninety days. 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.