Autoliv, Inc. (NYSE:ALV) Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC trimmed its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 25.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,022 shares of the auto parts company's stock after selling 34,402 shares during the quarter. HITE Hedge Asset Management LLC owned about 0.13% of Autoliv worth $9,475,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ALV. JPMorgan Chase & Co. boosted its holdings in shares of Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock valued at $25,800,000 after buying an additional 76,510 shares in the last quarter. Geode Capital Management LLC boosted its stake in Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock valued at $92,221,000 after acquiring an additional 95,888 shares in the last quarter. Lancaster Investment Management grew its holdings in shares of Autoliv by 17.7% during the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company's stock worth $53,350,000 after purchasing an additional 85,732 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Autoliv during the fourth quarter worth about $394,000. Finally, Barclays PLC lifted its holdings in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock valued at $2,821,000 after purchasing an additional 8,859 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares of the company's stock, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,253 shares of company stock worth $915,534. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Pareto Securities downgraded Autoliv to a "hold" rating in a research note on Monday, February 3rd. Mizuho reduced their price target on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. HSBC downgraded shares of Autoliv from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a research note on Tuesday, January 7th. Finally, Cowen began coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Seven research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Autoliv Price Performance

ALV traded up $2.00 on Wednesday, hitting $90.39. 308,740 shares of the company were exchanged, compared to its average volume of 819,196. The business's fifty day moving average is $90.46 and its 200 day moving average is $94.24. 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 firm has a market capitalization of $6.99 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same period last year, the business posted $1.58 EPS. As a group, 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 was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.10%. Autoliv's dividend payout ratio (DPR) is currently 32.22%.

About Autoliv

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.