Groupama Asset Managment Sells 7,493 Shares of Autoliv, Inc. $ALV

Groupama Asset Managment lowered its position in shares of Autoliv, Inc. (NYSE:ALV) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,915 shares of the auto parts company’s stock after selling 7,493 shares during the period. Groupama Asset Managment’s holdings in Autoliv were worth $4,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 89 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Autoliv by 3.6% during the 2nd quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock valued at $353,000 after purchasing an additional 109 shares in the last quarter. Fortem Financial Group LLC increased its holdings in shares of Autoliv by 2.0% in the third quarter. Fortem Financial Group LLC now owns 6,237 shares of the auto parts company’s stock worth $770,000 after purchasing an additional 120 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Autoliv by 35.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 454 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 120 shares during the period. Finally, Legend Financial Advisors Inc. raised its position in shares of Autoliv by 2.0% in the third quarter. Legend Financial Advisors Inc. now owns 6,504 shares of the auto parts company’s stock worth $803,000 after buying an additional 125 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 0.4%

Shares of ALV stock opened at $101.66 on Friday. The business has a 50-day moving average price of $120.02 and a two-hundred day moving average price of $120.65. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a market cap of $7.59 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate of $2.85 by $0.34. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.05 EPS. Equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm 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. This represents a $3.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is presently 36.40%.

Insider Activity

In other Autoliv news, CEO Mikael Bratt sold 8,974 shares of Autoliv stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. This trade represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $194,332.78. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 22,243 shares of company stock valued at $2,713,735. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ALV. Wolfe Research set a $143.00 price objective on Autoliv in a research note on Monday, January 12th. Morgan Stanley set a $140.00 price target on Autoliv in a report on Wednesday, November 26th. TD Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Finally, Robert W. Baird set a $132.00 price objective on shares of Autoliv in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.