Silvercrest Asset Management Group LLC Increases Stake in Autoliv, Inc. (NYSE:ALV)

Silvercrest Asset Management Group LLC grew its position in Autoliv, Inc. (NYSE:ALV) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,398 shares of the auto parts company’s stock after acquiring an additional 800 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Autoliv were worth $5,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in Autoliv by 139.5% during the fourth 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 in the last quarter. AlphaQuest LLC boosted its holdings in 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 in the last quarter. Twin Tree Management LP acquired a new position in Autoliv during the 4th quarter worth approximately $50,000. Physician Wealth Advisors Inc. purchased a new position in shares of Autoliv during the 4th quarter worth approximately $57,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Autoliv in the 4th quarter valued at approximately $155,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 1.1%

ALV stock opened at $102.03 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The company’s 50 day simple moving average is $89.84 and its 200-day simple moving average is $94.29. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The firm has a market capitalization of $7.89 billion, a PE ratio of 12.64, a P/E/G ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last announced its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the prior year, the firm earned $1.58 EPS. Equities analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 21st. Autoliv’s payout ratio is currently 32.22%.

Insider Buying and Selling

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mikael Bratt sold 5,760 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82% decrease in their position. 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They set a “buy” rating on the stock. Pareto Securities cut shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Barclays increased their price target on shares of Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

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.