Tweedy Browne Co LLC Has $47.59 Million Stake in Autoliv, Inc. $ALV

Tweedy Browne Co LLC lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,924 shares of the auto parts company’s stock after selling 31,740 shares during the period. Autoliv makes up about 3.8% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 8th largest holding. Tweedy Browne Co LLC’s holdings in Autoliv were worth $47,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Autoliv by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after buying an additional 18,673 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in Autoliv in the 3rd quarter valued at about $1,302,000. First Citizens Bank & Trust Co. purchased a new stake in Autoliv in the 3rd quarter valued at about $1,385,000. Northstar Advisory Group LLC purchased a new stake in Autoliv in the 3rd quarter valued at about $1,484,000. Finally, Nordea Investment Management AB purchased a new stake in Autoliv in the 3rd quarter valued at about $7,697,000. Institutional investors own 69.57% of the company’s stock.

Insider Activity

In related news, insider Magnus Jarlegren sold 1,598 shares of the company’s stock in a transaction 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 directly owned 7,739 shares in the company, valued at $941,139.79. This represents a 17.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $180,360.34. Following the sale, the executive vice president owned 5,314 shares of the company’s stock, valued at $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock worth $2,713,735 over the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Autoliv Price Performance

Shares of ALV opened at $114.71 on Tuesday. The company has a 50 day moving average price of $110.60 and a 200-day moving average price of $117.54. Autoliv, Inc. has a fifty-two week low of $93.20 and a fifty-two week high of $130.14. The stock has a market capitalization of $8.59 billion, a PE ratio of 12.33, a PEG ratio of 0.78 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08.

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

Autoliv Announces Dividend

The business also recently disclosed 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. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, March 4th. Autoliv’s dividend payout ratio is 37.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research report on Monday, January 12th. TD Cowen lowered their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Evercore lowered their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Weiss Ratings upgraded Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their target price on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.25.

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.