Envestnet Asset Management Inc. cut its stake in shares of Autoliv Inc. (NYSE:ALV) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 4,286 shares of the company’s stock after selling 101 shares during the period. Envestnet Asset Management Inc.’s holdings in Autoliv were worth $484,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Carve CapitalAB purchased a new stake in shares of Autoliv during the fourth quarter valued at about $39,941,000. Bodenholm Capital AB purchased a new stake in shares of Autoliv during the fourth quarter valued at about $36,207,000. Renaissance Technologies LLC increased its stake in shares of Autoliv by 66.5% in the fourth quarter. Renaissance Technologies LLC now owns 128,477 shares of the company’s stock valued at $14,537,000 after buying an additional 51,331 shares during the period. Edge Asset Management Inc. increased its stake in shares of Autoliv by 15.1% in the fourth quarter. Edge Asset Management Inc. now owns 1,486,803 shares of the company’s stock valued at $168,231,000 after buying an additional 195,474 shares during the period. Finally, Credit Agricole S A increased its stake in shares of Autoliv by 111.0% in the fourth quarter. Credit Agricole S A now owns 72,172 shares of the company’s stock valued at $8,166,000 after buying an additional 37,971 shares during the period. Institutional investors and hedge funds own 32.01% of the company’s stock.
Autoliv Inc. (NYSE:ALV) opened at 103.71 on Tuesday. The company has a market capitalization of $9.15 billion, a PE ratio of 16.15 and a beta of 1.17. The stock’s 50 day moving average is $105.93 and its 200 day moving average is $105.64. Autoliv Inc. has a one year low of $93.31 and a one year high of $126.31.
Autoliv (NYSE:ALV) last posted its earnings results on Thursday, February 2nd. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.84 by $0.13. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.69 billion. Autoliv had a return on equity of 14.99% and a net margin of 5.59%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.08 earnings per share. On average, analysts anticipate that Autoliv Inc. will post $6.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 15th. This is an increase from Autoliv’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 2.31%. Autoliv’s payout ratio is presently 36.14%.
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Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Autoliv in a research note on Monday, March 13th. They issued an “underperform” rating and a $85.00 target price for the company. Mizuho assumed coverage on shares of Autoliv in a research note on Thursday, March 2nd. They issued a “neutral” rating and a $115.00 target price for the company. KeyCorp upgraded shares of Autoliv from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Wednesday, February 8th. Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 7th. Finally, Jefferies Group LLC cut their target price on shares of Autoliv from $120.00 to $114.00 and set a “hold” rating for the company in a research note on Tuesday, February 7th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Autoliv has a consensus rating of “Hold” and an average target price of $105.00.
In other news, insider Johan Lofvenholm sold 876 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $104.45, for a total transaction of $91,498.20. Following the completion of the sale, the insider now directly owns 3,798 shares of the company’s stock, valued at $396,701.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 1,576 shares of company stock valued at $165,527. 0.27% of the stock is currently owned by insiders.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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