AlphaCrest Capital Management LLC Sells 1,909 Shares of Autoliv, Inc. (NYSE:ALV)

AlphaCrest Capital Management LLC reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV – Get Rating) by 37.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,257 shares of the auto parts company’s stock after selling 1,909 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Autoliv were worth $217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Autoliv during the 2nd quarter worth $33,000. Wahed Invest LLC bought a new stake in Autoliv in the second quarter worth about $67,000. Lazard Asset Management LLC purchased a new position in Autoliv in the third quarter valued at about $69,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Autoliv during the 2nd quarter valued at approximately $72,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Autoliv during the 3rd quarter worth approximately $91,000. Hedge funds and other institutional investors own 46.63% of the company’s stock.

Insider Transactions at Autoliv

In related news, insider Fredrik Westin sold 1,505 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $97.45, for a total value of $146,662.25. Following the transaction, the insider now owns 4,142 shares of the company’s stock, valued at $403,637.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Fredrik Westin sold 1,505 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $97.45, for a total value of $146,662.25. Following the completion of the transaction, the insider now directly owns 4,142 shares in the company, valued at approximately $403,637.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Magnus Jarlegren sold 402 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $91.66, for a total value of $36,847.32. Following the transaction, the insider now directly owns 4,184 shares in the company, valued at $383,505.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,865 shares of company stock valued at $269,670. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Nordea Equity Research downgraded Autoliv from a “buy” rating to a “sell” rating in a research note on Tuesday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on Autoliv from $94.00 to $112.00 in a research note on Monday, January 30th. UBS Group cut Autoliv from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $84.00 to $86.00 in a research note on Wednesday, December 7th. Robert W. Baird increased their target price on shares of Autoliv from $93.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, January 30th. Finally, Barclays began coverage on shares of Autoliv in a research report on Tuesday, February 14th. They issued an “equal weight” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.00.

Autoliv Stock Performance

NYSE:ALV opened at $91.69 on Monday. The stock has a market cap of $7.90 billion, a P/E ratio of 18.87, a PEG ratio of 0.64 and a beta of 1.70. The company has a quick ratio of 0.75, a current ratio of 1.02 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $87.50 and its two-hundred day moving average price is $81.48. Autoliv, Inc. has a twelve month low of $65.74 and a twelve month high of $96.49.

Autoliv (NYSE:ALV – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.29. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Autoliv had a net margin of 4.80% and a return on equity of 14.84%. As a group, equities analysts predict that Autoliv, Inc. will post 6.33 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Tuesday, March 7th. Autoliv’s dividend payout ratio (DPR) is currently 54.32%.

Autoliv Company Profile

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Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.