45,238 Shares in Autoliv, Inc. $ALV Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 45,238 shares of the auto parts company’s stock, valued at approximately $5,370,000. Assenagon Asset Management S.A. owned approximately 0.06% of Autoliv at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB raised its position in shares of Autoliv by 8.5% during the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after purchasing an additional 203,511 shares during the period. Vanguard Group Inc. raised its holdings in Autoliv by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,846,175 shares of the auto parts company’s stock worth $228,003,000 after buying an additional 19,440 shares during the period. LSV Asset Management lifted its stake in Autoliv by 54.9% in the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares in the last quarter. Norges Bank acquired a new position in shares of Autoliv in the second quarter valued at approximately $110,368,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after buying an additional 556,651 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autoliv

In related news, EVP Christian Swahn sold 1,478 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $180,360.34. Following the transaction, the executive vice president directly owned 5,314 shares in the company, valued at approximately $648,467.42. The trade was a 21.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mikael Bratt sold 8,974 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the completion of the sale, the chief executive officer directly owned 29,290 shares in the company, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,243 shares of company stock worth $2,713,735. Insiders own 0.20% of the company’s stock.

Autoliv Trading Down 2.4%

Autoliv stock opened at $102.54 on Friday. The firm has a 50-day moving average of $117.19 and a 200-day moving average of $119.72. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.86 and a beta of 1.32.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company posted $3.05 earnings per share. Autoliv’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.4%. Autoliv’s payout ratio is 36.40%.

Analysts Set New Price Targets

ALV has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Wolfe Research set a $143.00 target price on Autoliv in a report on Monday, January 12th. TD Cowen reissued a “buy” rating on shares of Autoliv in a research note on Tuesday, March 17th. Royal Bank Of Canada cut their price target on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $135.71.

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.