Autoliv Inc. (ALV) Stake Increased by Caxton Associates LP
Caxton Associates LP lifted its holdings in Autoliv Inc. (NYSE:ALV) by 48.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,701 shares of the auto parts company’s stock after purchasing an additional 1,850 shares during the quarter. Caxton Associates LP’s holdings in Autoliv were worth $400,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Lancaster Investment Management LLP purchased a new position in Autoliv in the 4th quarter worth $42,640,000. RMB Capital Management LLC raised its stake in Autoliv by 13.8% in the 4th quarter. RMB Capital Management LLC now owns 20,637 shares of the auto parts company’s stock worth $1,449,000 after acquiring an additional 2,500 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Autoliv by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 718,219 shares of the auto parts company’s stock valued at $50,400,000 after buying an additional 63,644 shares during the last quarter. Kinneret Advisory LLC purchased a new position in shares of Autoliv during the 4th quarter valued at about $71,000. Finally, Gideon Capital Advisors Inc. raised its stake in shares of Autoliv by 310.1% during the 4th quarter. Gideon Capital Advisors Inc. now owns 9,605 shares of the auto parts company’s stock valued at $675,000 after buying an additional 7,263 shares during the last quarter. 33.61% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Svante Mogefors sold 1,524 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $80.69, for a total transaction of $122,971.56. Following the sale, the insider now directly owns 643 shares in the company, valued at approximately $51,883.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.
Autoliv (NYSE:ALV) last posted its earnings results on Tuesday, January 29th. The auto parts company reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.20). Autoliv had a net margin of 2.06% and a return on equity of 22.59%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned $2.29 earnings per share. Autoliv’s revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Autoliv Inc. will post 7.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, May 21st. Autoliv’s dividend payout ratio (DPR) is presently 36.31%.
A number of equities analysts have weighed in on ALV shares. Sanford C. Bernstein upgraded Autoliv from an “underperform” rating to a “market perform” rating in a research note on Monday, November 26th. ValuEngine upgraded Autoliv from a “strong sell” rating to a “sell” rating in a research note on Monday, November 26th. Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Morgan Stanley lowered Autoliv from an “overweight” rating to an “equal weight” rating and set a $100.00 price objective for the company. in a research note on Thursday, December 6th. Finally, KeyCorp started coverage on Autoliv in a research note on Monday, December 10th. They set an “overweight” rating and a $105.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. Autoliv currently has an average rating of “Hold” and an average price target of $92.18.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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