Y Intercept Hong Kong Ltd Invests $3.11 Million in Autoliv, Inc. $ALV

Y Intercept Hong Kong Ltd purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,574 shares of the auto parts company’s stock, valued at approximately $3,110,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALV. Artemis Investment Management LLP acquired a new position in Autoliv in the 4th quarter worth $2,075,000. SG Americas Securities LLC lifted its position in Autoliv by 576.9% during the 4th quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock worth $2,052,000 after buying an additional 14,733 shares in the last quarter. Algert Global LLC grew its holdings in shares of Autoliv by 148.1% in the 3rd quarter. Algert Global LLC now owns 112,422 shares of the auto parts company’s stock valued at $13,884,000 after acquiring an additional 67,105 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in Autoliv during the fourth quarter worth about $1,726,000. Finally, Assenagon Asset Management S.A. bought a new position in Autoliv in the fourth quarter valued at approximately $5,370,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV traded down $0.65 during mid-day trading on Tuesday, reaching $119.19. The company had a trading volume of 115,028 shares, compared to its average volume of 771,217. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 0.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The company’s 50 day simple moving average is $121.26 and its 200 day simple moving average is $118.58. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

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

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the sale, the director owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ALV shares. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Barclays cut their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. TD Cowen dropped their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Robert W. Baird increased their price target on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, Bank of America initiated coverage on Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.27.

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.