Todd Asset Management LLC Acquires New Position in Autoliv, Inc. (NYSE:ALV)

Todd Asset Management LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,700 shares of the auto parts company's stock, valued at approximately $3,536,000.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Autoliv by 10.8% during the third 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. increased its position in Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock worth $25,800,000 after buying an additional 76,510 shares in the last quarter. Quantbot Technologies LP increased its position in Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock worth $4,855,000 after buying an additional 48,612 shares in the last quarter. HITE Hedge Asset Management LLC grew its position in shares of 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 purchasing an additional 33,490 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in shares of Autoliv in the fourth quarter valued at $394,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Stock Up 0.8 %

Shares of ALV traded up $0.78 during midday trading on Friday, reaching $97.38. 732,656 shares of the company were exchanged, compared to its average volume of 759,730. The stock has a 50-day moving average price of $96.14 and a 200-day moving average price of $96.62. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.73 and a beta of 1.58. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.

Remove Ads

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv's payout ratio is 34.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Daiwa Capital Markets raised Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a report on Monday, December 16th. Mizuho reduced their target price on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Finally, HSBC cut Autoliv from a "buy" rating to a "hold" rating and reduced their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Autoliv has a consensus rating of "Moderate Buy" and a consensus target price of $117.23.

Insider Transactions at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by insiders.

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.