Everstar Asset Management LLC Purchases New Stake in Autoliv, Inc. (NYSE:ALV)

Everstar Asset Management LLC acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,095 shares of the auto parts company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. grew its position in shares of Autoliv by 1.8% during the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after buying an additional 115 shares during the period. CIBC Asset Management Inc boosted its stake in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after acquiring an additional 124 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock worth $2,190,000 after acquiring an additional 130 shares during the period. US Bancorp DE raised its position in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock valued at $358,000 after acquiring an additional 130 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake 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 purchasing an additional 134 shares during the period. 69.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ALV has been the subject of a number of analyst reports. Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and decreased their target price for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Cowen initiated coverage on shares of Autoliv in a report on Thursday, March 6th. They set a “buy” rating for the company. Finally, Wells Fargo & Company cut their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus target price of $117.14.

Insiders Place Their Bets

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares in the company, valued at $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Autoliv Stock Down 2.6 %

NYSE:ALV opened at $89.18 on Monday. The stock has a 50-day simple moving average of $95.49 and a 200 day simple moving average of $95.61. Autoliv, Inc. has a 52-week low of $87.55 and a 52-week high of $129.38. The company has a market cap of $6.90 billion, a PE ratio of 11.05, a PEG ratio of 0.73 and a beta of 1.59. 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 (NYSE:ALV) last issued its quarterly 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%. On average, sell-side analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.14%. Autoliv’s payout ratio is currently 34.70%.

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.