Los Angeles Capital Management LLC Sells 8,090 Shares of Autoliv, Inc. $ALV

Los Angeles Capital Management LLC lessened its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 36.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,926 shares of the auto parts company’s stock after selling 8,090 shares during the period. Los Angeles Capital Management LLC’s holdings in Autoliv were worth $1,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after buying an additional 89 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 98 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Autoliv by 0.6% in the fourth quarter. Gateway Investment Advisers LLC now owns 29,510 shares of the auto parts company’s stock worth $3,503,000 after acquiring an additional 190 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Autoliv by 24.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 997 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 194 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 1.3%

NYSE:ALV opened at $124.48 on Thursday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 13.38, a PEG ratio of 0.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The company’s 50-day simple moving average is $118.13 and its 200 day simple moving average is $118.45.

Autoliv (NYSE:ALV) last released its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business earned $2.15 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts forecast that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s payout ratio is presently 37.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALV shares. Bank of America initiated coverage on shares of Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. TD Cowen cut their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company set a $116.00 price target on shares of Autoliv in a research report on Monday, April 20th. Finally, Robert W. Baird raised their price objective on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv Profile

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.