Shelter Rock Management LLC Acquires New Stake in Autoliv, Inc. $ALV

Shelter Rock Management LLC purchased a new position in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,711 shares of the auto parts company’s stock, valued at approximately $797,000. Autoliv comprises 0.8% of Shelter Rock Management LLC’s holdings, making the stock its 20th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB grew its position in Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after buying an additional 375,454 shares during the last quarter. Vanguard Group Inc. grew its position in Autoliv by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock worth $221,660,000 after buying an additional 21,221 shares during the last quarter. LSV Asset Management grew its position in Autoliv by 6.5% in the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock worth $199,607,000 after buying an additional 101,922 shares during the last quarter. AQR Capital Management LLC grew its position in Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after buying an additional 556,651 shares during the last quarter. Finally, Invesco Ltd. grew its position in Autoliv by 5.6% in the third quarter. Invesco Ltd. now owns 680,874 shares of the auto parts company’s stock worth $84,088,000 after buying an additional 36,056 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target on the stock. TD Cowen reduced their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Evercore reduced their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Royal Bank Of Canada upped their price objective on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Insider Transactions at Autoliv

In related news, insider Magnus Jarlegren sold 1,598 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the transaction, the insider owned 7,739 shares of the company’s stock, valued at approximately $941,139.79. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares of the company’s stock, valued at $239,544.89. This represents a 39.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,124 shares of company stock worth $2,698,873. 0.34% of the stock is currently owned by insiders.

Autoliv Trading Up 2.1%

Autoliv stock opened at $122.79 on Friday. The company has a 50 day moving average price of $111.70 and a 200 day moving average price of $117.73. Autoliv, Inc. has a 52 week low of $98.45 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.82 and a beta of 1.31.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business posted $2.15 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s dividend payout ratio (DPR) is currently 37.42%.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.