Autoliv, Inc. (NYSE:ALV) Position Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in Autoliv, Inc. (NYSE:ALV) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 139,700 shares of the auto parts company’s stock after selling 104,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Autoliv were worth $13,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALV. JPMorgan Chase & Co. lifted its holdings in shares of Autoliv by 38.3% during 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 during the last quarter. Geode Capital Management LLC raised 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 valued at $92,221,000 after acquiring an additional 95,888 shares in the last quarter. Lancaster Investment Management lifted its stake in Autoliv by 17.7% in the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock valued at $53,350,000 after acquiring an additional 85,732 shares during the last quarter. ABC Arbitrage SA bought a new stake in Autoliv in the fourth quarter worth approximately $394,000. Finally, Barclays PLC increased its stake in shares of Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $82.16 on Wednesday. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The business’s fifty day moving average price is $91.09 and its two-hundred day moving average price is $94.47. 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 current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. As a group, analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued 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 yield of 3.41%. Autoliv’s dividend payout ratio is 34.70%.

Insider Buying and Selling at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were 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. This trade represents a 17.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at approximately $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 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 equities research analysts recently issued reports on ALV shares. Barclays raised shares of Autoliv from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $110.00 to $97.00 in a research note on Tuesday. Pareto Securities lowered Autoliv to a “hold” rating in a report on Monday, February 3rd. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating for the company. Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and an average target price of $113.71.

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.