HITE Hedge Asset Management LLC Has $7.07 Million Stake in Autoliv, Inc. $ALV

HITE Hedge Asset Management LLC lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 187.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,277 shares of the auto parts company’s stock after purchasing an additional 37,355 shares during the quarter. HITE Hedge Asset Management LLC owned 0.08% of Autoliv worth $7,074,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv in the 1st quarter valued at approximately $412,000. NewEdge Advisors LLC raised its holdings in Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after buying an additional 326 shares during the period. Jones Financial Companies Lllp lifted its stake in Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after buying an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after buying an additional 89,918 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in shares of Autoliv in the second quarter valued at approximately $311,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating and set a $140.00 price objective on shares of Autoliv in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Morgan Stanley set a $140.00 target price on Autoliv in a report on Wednesday, November 26th. TD Cowen reissued a “buy” rating on shares of Autoliv in a research note on Monday, February 2nd. Finally, Wells Fargo & Company cut their price target on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $135.71.

Autoliv Stock Performance

Shares of ALV stock opened at $103.84 on Friday. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $130.14. The company’s fifty day simple moving average is $122.08 and its 200-day simple moving average is $121.40. The firm has a market cap of $7.76 billion, a PE ratio of 10.86, a P/E/G ratio of 0.90 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the firm earned $3.05 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be issued a $0.87 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.4%. Autoliv’s dividend payout ratio (DPR) is presently 36.40%.

Insider Buying and Selling

In related news, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total value of $194,332.78. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the sale, the director owned 5,549 shares in the company, valued at $668,099.60. The trade was a 59.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,243 shares of company stock worth $2,713,735 over the last three months. Company insiders own 0.20% of the company’s stock.

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.