Los Angeles Capital Management LLC Cuts Stake in Autoliv, Inc. $ALV

Los Angeles Capital Management LLC cut its position in Autoliv, Inc. (NYSE:ALV) by 36.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,926 shares of the auto parts company’s stock after selling 8,090 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Autoliv were worth $1,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALV. Torren Management LLC purchased a new stake in shares of Autoliv during the fourth quarter valued at approximately $25,000. IFP Advisors Inc increased its position in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Quarry LP purchased a new position in Autoliv in the 3rd quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new position in Autoliv in the 3rd quarter worth approximately $37,000. Finally, Allworth Financial LP lifted its position in Autoliv by 298.8% in the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the topic of several recent analyst reports. Barclays cut their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Jefferies Financial Group cut Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $150.00 to $120.00 in a research report on Tuesday, April 14th. Robert W. Baird boosted their target price on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, Weiss Ratings cut shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Autoliv Price Performance

Shares of ALV opened at $124.48 on Thursday. The firm has a market cap of $9.32 billion, a PE ratio of 13.38, a P/E/G ratio of 0.84 and a beta of 1.33. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $118.13 and a two-hundred day simple moving average of $118.45. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 EPS. On average, equities analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is presently 37.42%.

Autoliv Company 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.