Picton Mahoney Asset Management Invests $1.02 Million in Autoliv, Inc. $ALV

Picton Mahoney Asset Management acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,263 shares of the auto parts company’s stock, valued at approximately $1,020,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB increased its position in Autoliv by 8.5% in the 3rd quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after purchasing an additional 203,511 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Autoliv by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock valued at $281,741,000 after buying an additional 34,064 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Autoliv by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,846,175 shares of the auto parts company’s stock valued at $228,003,000 after buying an additional 19,440 shares in the last quarter. LSV Asset Management increased its holdings in Autoliv by 54.9% in the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after buying an additional 559,605 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Autoliv by 26.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after buying an additional 206,200 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

ALV has been the subject of a number of analyst reports. Wolfe Research set a $143.00 target price on shares of Autoliv in a research note on Monday, January 12th. TD Cowen restated a “buy” rating on shares of Autoliv in a research note on Monday, February 2nd. Royal Bank Of Canada cut their price target on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Morgan Stanley set a $140.00 price objective on shares of Autoliv in a research note on Wednesday, November 26th. Finally, Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.71.

Autoliv Stock Up 0.5%

ALV stock opened at $111.00 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $130.14. The company has a 50-day moving average of $123.06 and a two-hundred day moving average of $121.78. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.32.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.During the same period last year, the firm earned $3.05 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv’s payout ratio is currently 36.40%.

Insider Buying and Selling

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the sale, the executive vice president owned 1,963 shares in the company, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Franz-Josef Kortuem sold 8,300 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director directly owned 5,549 shares in the company, valued at $668,099.60. This trade represents a 59.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 22,243 shares of company stock worth $2,713,735. 0.20% of the stock is currently owned by company insiders.

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.