Autoliv, Inc. $ALV Stock Position Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 92.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,938 shares of the auto parts company’s stock after selling 73,899 shares during the period. Squarepoint Ops LLC’s holdings in Autoliv were worth $664,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Autoliv in the second quarter worth $110,368,000. Swedbank AB lifted its stake in Autoliv by 26.3% in the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock worth $268,307,000 after acquiring an additional 499,411 shares in the last quarter. Invesco Ltd. boosted its position in Autoliv by 334.1% during the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares during the period. LSV Asset Management grew its stake in Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after acquiring an additional 463,449 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Autoliv during the 2nd quarter valued at about $34,816,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV opened at $120.10 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95. The firm has a market cap of $9.12 billion, a PE ratio of 12.41, a PEG ratio of 0.91 and a beta of 1.32. The firm’s 50 day moving average price is $118.78 and its 200 day moving average price is $118.46. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $129.54.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. Autoliv’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 EPS. As a group, research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.9%. This is an increase from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. Autoliv’s dividend payout ratio is 35.95%.

Analyst Ratings Changes

ALV has been the subject of a number of research analyst reports. Berenberg Bank set a $134.00 price target on shares of Autoliv in a research report on Tuesday, October 21st. Barclays upped their price objective on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Wells Fargo & Company decreased their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Robert W. Baird lowered their price target on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $109.00 to $140.00 in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $130.63.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.