Guggenheim Capital LLC Cuts Stock Position in Autoliv, Inc. (NYSE:ALV)

Guggenheim Capital LLC lessened its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 45.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,539 shares of the auto parts company's stock after selling 8,002 shares during the period. Guggenheim Capital LLC's holdings in Autoliv were worth $895,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ALV. UMB Bank n.a. lifted its position in shares of Autoliv by 139.5% in the 4th 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 period. AlphaQuest LLC increased its holdings in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares during the period. Twin Tree Management LP bought a new position in shares of Autoliv in the 4th quarter worth $50,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Autoliv during the 4th quarter worth $57,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Autoliv by 5.2% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

Shares of ALV traded up $0.43 during mid-day trading on Tuesday, hitting $92.54. 68,917 shares of the company were exchanged, compared to its average volume of 814,977. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The company has a 50 day moving average of $89.84 and a 200-day moving average of $94.15.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results 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. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.58 earnings per share. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, March 7th. Autoliv's dividend payout ratio (DPR) is 32.22%.

Insider Transactions at Autoliv

In other news, insider Magnus Jarlegren sold 1,289 shares of the business'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 of the company's stock, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the executive vice president now owns 685 shares of the company's stock, valued at $67,712.25. This represents a 36.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 in the last ninety days. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. TD Cowen initiated coverage on Autoliv in a report on Friday, March 7th. They set a "buy" rating and a $116.00 target price for the company. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target on the stock in a report on Tuesday, January 7th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $112.00.

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.