Algert Global LLC Has $3.41 Million Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Algert Global LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 36.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,317 shares of the auto parts company’s stock after selling 20,881 shares during the quarter. Algert Global LLC’s holdings in Autoliv were worth $3,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Trust Investment Advisors LLC raised its stake in Autoliv by 7.5% during the 4th quarter. American Trust Investment Advisors LLC now owns 46,380 shares of the auto parts company’s stock worth $4,350,000 after buying an additional 3,231 shares during the period. 13D Management LLC increased its holdings in shares of Autoliv by 15.8% during the fourth quarter. 13D Management LLC now owns 62,589 shares of the auto parts company’s stock valued at $5,870,000 after acquiring an additional 8,542 shares in the last quarter. Park West Asset Management LLC raised its position in shares of Autoliv by 56.3% during the fourth quarter. Park West Asset Management LLC now owns 625,000 shares of the auto parts company’s stock worth $58,619,000 after purchasing an additional 225,000 shares during the period. Northern Trust Corp lifted its holdings in shares of Autoliv by 18.8% in the 4th quarter. Northern Trust Corp now owns 495,188 shares of the auto parts company’s stock worth $46,444,000 after purchasing an additional 78,433 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in Autoliv by 96.4% in the 4th quarter. Optiver Holding B.V. now owns 2,700 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 1,325 shares during the period. Institutional investors own 69.57% of the company’s stock.

Insider Activity

In related news, EVP Per Jonas Jademyr sold 401 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now owns 685 shares in the company, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the sale, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by company insiders.

Autoliv Stock Down 1.2 %

ALV opened at $93.36 on Wednesday. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company has a market cap of $7.22 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $89.30 and a 200 day moving average of $94.11.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $1.58 earnings per share. On average, sell-side analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s dividend payout ratio is presently 32.22%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ALV. TD Cowen started coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective on the stock. HSBC downgraded Autoliv from a “buy” rating to a “hold” rating and cut their price target for the company from $109.00 to $100.00 in a research note on Tuesday, February 4th. Mizuho lowered their price objective on Autoliv from $112.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Barclays lifted their target price on Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.00.

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.