Autoliv, Inc. (NYSE:ALV) Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lowered its position in shares of Autoliv, Inc. (NYSE:ALV) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,022 shares of the auto parts company’s stock after selling 34,402 shares during the quarter. HITE Hedge Asset Management LLC owned 0.13% of Autoliv worth $9,475,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after purchasing an additional 76,510 shares in the last quarter. Geode Capital Management LLC grew its position in Autoliv by 10.8% in 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. Lancaster Investment Management increased its holdings in shares of Autoliv by 17.7% in the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock valued at $53,350,000 after buying an additional 85,732 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Autoliv during the 4th quarter valued at $394,000. Finally, Barclays PLC grew its holdings in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after acquiring an additional 8,859 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALV shares. Robert W. Baird decreased their price target on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Thursday. Cowen began coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a “buy” rating on the stock. Finally, Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $112.64.

Autoliv Stock Performance

ALV stock opened at $86.40 on Friday. The firm has a 50 day moving average of $90.87 and a two-hundred day moving average of $94.37. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.73 and a beta of 1.47. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.24%. Autoliv’s dividend payout ratio (DPR) is currently 32.22%.

Insiders Place Their Bets

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now owns 6,142 shares of the company’s stock, valued at $607,013.86. The trade was a 17.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. This 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 valued at $915,534 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

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.