Wedge Capital Management L L P NC Lowers Position in Autoliv, Inc. $ALV

Wedge Capital Management L L P NC lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 92,299 shares of the auto parts company’s stock after selling 8,613 shares during the period. Wedge Capital Management L L P NC owned 0.12% of Autoliv worth $10,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Autoliv in the 3rd quarter worth approximately $32,000. Quarry LP purchased a new stake in Autoliv in the 3rd quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new stake in Autoliv during the 3rd quarter worth approximately $37,000. Finally, Global Retirement Partners LLC raised its stake in Autoliv by 18,550.0% during the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a report on Tuesday, March 17th. Evercore decreased their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Wells Fargo & Company dropped their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Finally, Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.71.

Insider Activity at Autoliv

In other news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the sale, the insider directly owned 7,739 shares in the company, valued at $941,139.79. The trade was a 17.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the sale, the executive vice president owned 1,963 shares in the company, valued at $239,544.89. This represents a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,243 shares of company stock valued at $2,713,735 over the last quarter. 0.20% of the stock is currently owned by insiders.

Autoliv Stock Performance

NYSE ALV opened at $102.54 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14. The business has a 50 day simple moving average of $117.19 and a two-hundred day simple moving average of $119.72. The stock has a market capitalization of $7.68 billion, a PE ratio of 10.73, a P/E/G ratio of 0.86 and a beta of 1.32.

Autoliv (NYSE:ALV) last issued its quarterly earnings data 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. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.05 EPS. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

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

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.