Mondrian Investment Partners LTD grew its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,378,636 shares of the auto parts company's stock after acquiring an additional 59,592 shares during the quarter. Autoliv comprises 2.3% of Mondrian Investment Partners LTD's investment portfolio, making the stock its 14th largest position. Mondrian Investment Partners LTD owned about 1.77% of Autoliv worth $133,259,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ALV. Geode Capital Management LLC grew its stake in Autoliv by 10.8% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $25,800,000 after acquiring an additional 76,510 shares during the last quarter. Quantbot Technologies LP grew its position in Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock worth $4,855,000 after acquiring an additional 48,612 shares in the last quarter. Lancaster Investment Management increased its stake in 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 acquiring an additional 85,732 shares during the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in Autoliv by 32.9% in the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock valued at $12,645,000 after acquiring an additional 33,490 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on ALV shares. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Mizuho decreased their price objective on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Cowen started coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating for the company. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.14.
Read Our Latest Stock Report on Autoliv
Autoliv Stock Down 1.3 %
ALV stock traded down $1.18 during trading on Tuesday, hitting $88.58. 695,265 shares of the stock traded hands, compared to its average volume of 733,917. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a 1 year low of $87.55 and a 1 year high of $129.38. The firm's 50 day moving average is $96.27 and its two-hundred day moving average is $96.05.
Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.
Autoliv Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv's payout ratio is 34.70%.
Insiders Place Their Bets
In related news, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the sale, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now owns 6,142 shares in the company, valued at $607,013.86. This represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock valued at $915,534. Corporate insiders own 0.20% of the company's stock.
Autoliv Company Profile
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Free Report)
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.
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