Squarepoint Ops LLC Sells 55,768 Shares of Autoliv, Inc. $ALV

Squarepoint Ops LLC decreased its position in Autoliv, Inc. (NYSE:ALV) by 77.5% during the second quarter, Holdings Channel.com reports. The fund owned 16,232 shares of the auto parts company’s stock after selling 55,768 shares during the quarter. Squarepoint Ops LLC’s holdings in Autoliv were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Autoliv by 21.4% in the second quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock worth $95,444,000 after purchasing an additional 145,013 shares during the last quarter. LSV Asset Management raised its position in Autoliv by 6.5% during the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after purchasing an additional 101,922 shares during the last quarter. Callan Family Office LLC bought a new position in Autoliv during the 2nd quarter valued at approximately $1,107,000. BlackRock Inc. purchased a new stake in Autoliv in the 2nd quarter worth approximately $573,245,000. Finally, ABN AMRO Bank N.V. purchased a new stake in Autoliv in the 2nd quarter worth approximately $33,456,000. 69.57% of the stock is owned by institutional investors.

Autoliv Price Performance

Shares of ALV opened at $118.65 on Tuesday. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The firm’s 50-day simple moving average is $121.57 and its two-hundred day simple moving average is $117.79. The stock has a market cap of $8.69 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. Autoliv’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is 40.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings downgraded Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. TD Cowen lowered Autoliv from a “buy” rating to a “hold” rating and dropped their price target for the stock from $148.00 to $137.00 in a research note on Tuesday, September 8th. Royal Bank Of Canada cut their price target on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, UBS Group boosted their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $135.20.

Autoliv Company Profile

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.