Ceredex Value Advisors LLC Boosts Holdings in Autoliv, Inc. (NYSE:ALV)

Ceredex Value Advisors LLC lifted its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,400 shares of the auto parts company's stock after buying an additional 19,900 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.22% of Autoliv worth $15,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. UMB Bank n.a. increased its holdings in shares of Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC increased its position in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Twin Tree Management LP purchased a new position in Autoliv during the fourth quarter worth $50,000. Physician Wealth Advisors Inc. bought a new position in Autoliv during the 4th quarter valued at about $57,000. Finally, CIBC Asset Management Inc grew its stake in shares of Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock valued at $235,000 after buying an additional 124 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Insider Transactions at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now owns 685 shares in the company, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ALV shares. Mizuho reduced their price target on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target on the stock in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Monday. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, TD Cowen assumed coverage on Autoliv in a research note on Friday, March 7th. They set a "buy" rating and a $116.00 price objective for the company. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.21.

Autoliv Price Performance

ALV stock traded down $1.50 during midday trading on Monday, reaching $84.84. The stock had a trading volume of 163,519 shares, compared to its average volume of 818,280. The company's fifty day simple moving average is $90.74 and its 200 day simple moving average is $94.34. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The firm had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm earned $1.58 earnings per share. As a group, sell-side analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.30%. Autoliv's payout ratio is currently 32.22%.

Autoliv Profile

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.