Citigroup Inc. Acquires 19,347 Shares of Autoliv, Inc. $ALV

Citigroup Inc. raised its stake in Autoliv, Inc. (NYSE:ALV) by 118.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,705 shares of the auto parts company’s stock after acquiring an additional 19,347 shares during the quarter. Citigroup Inc.’s holdings in Autoliv were worth $4,410,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ALV. Root Financial Partners LLC acquired a new position in Autoliv during the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its stake in shares of Autoliv by 1,892.3% during the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after buying an additional 246 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Autoliv by 103.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after buying an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Autoliv by 18,550.0% in the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 371 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Autoliv in the 3rd quarter valued at $53,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

NYSE:ALV opened at $112.08 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The company has a 50 day simple moving average of $123.44 and a two-hundred day simple moving average of $121.91. The company has a market capitalization of $8.37 billion, a PE ratio of 11.72, a P/E/G ratio of 0.95 and a beta of 1.32.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same period last year, the company posted $3.05 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. Autoliv’s dividend payout ratio (DPR) is 36.40%.

Analyst Upgrades and Downgrades

ALV has been the topic of a number of research reports. Royal Bank Of Canada reduced their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $109.00 to $140.00 in a report on Wednesday, November 26th. Evercore lowered their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Morgan Stanley set a $140.00 target price on shares of Autoliv in a research report on Wednesday, November 26th. Finally, Robert W. Baird set a $132.00 price target on shares of Autoliv in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $134.40.

Insider Transactions at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total value of $194,332.78. Following the transaction, the insider directly owned 7,739 shares of the company’s stock, valued at approximately $941,139.79. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Swahn sold 1,478 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $180,360.34. Following the sale, the executive vice president directly owned 5,314 shares of the company’s stock, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,243 shares of company stock worth $2,713,735. Corporate insiders own 0.20% of the company’s stock.

Autoliv Profile

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.