Covalis Capital LLP Sells 185,899 Shares of Autoliv, Inc. (NYSE:ALV)

Covalis Capital LLP lowered its position in shares of Autoliv, Inc. (NYSE:ALV) by 61.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,288 shares of the auto parts company’s stock after selling 185,899 shares during the quarter. Autoliv comprises approximately 1.6% of Covalis Capital LLP’s portfolio, making the stock its 24th biggest position. Covalis Capital LLP’s holdings in Autoliv were worth $11,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC increased its holdings in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP bought a new position in Autoliv in the 4th quarter worth about $50,000. Physician Wealth Advisors Inc. purchased a new stake in Autoliv during the 4th quarter valued at about $57,000. Finally, CIBC Asset Management Inc increased its stake in Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction that occurred 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 sale, the chief executive officer now owns 23,307 shares of the company’s stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,253 shares of company stock valued at $915,534. Corporate insiders own 0.20% of the company’s stock.

Autoliv Stock Down 0.5 %

ALV opened at $86.40 on Friday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The firm’s fifty day moving average is $90.74 and its 200 day moving average is $94.32.

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

Autoliv Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALV shares. Robert W. Baird reduced their price target on shares of Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays upgraded Autoliv from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $110.00 to $97.00 in a research note on Tuesday. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on shares of Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.64.

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.