Squarepoint Ops LLC Has $664,000 Position in Autoliv, Inc. $ALV

Squarepoint Ops LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 92.6% in the second quarter, Holdings Channel reports. The firm owned 5,938 shares of the auto parts company’s stock after selling 73,899 shares during the period. Squarepoint Ops LLC’s holdings in Autoliv were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Autoliv in the second quarter worth $110,368,000. Swedbank AB grew its stake in Autoliv by 26.3% in the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after buying an additional 499,411 shares during the last quarter. Invesco Ltd. raised its holdings in Autoliv by 334.1% in the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares during the period. LSV Asset Management lifted its position in Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock worth $114,147,000 after acquiring an additional 463,449 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Autoliv during the 2nd quarter worth $34,816,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $120.10 on Wednesday. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.54. The firm has a market capitalization of $9.12 billion, a PE ratio of 12.41, a PEG ratio of 0.91 and a beta of 1.32. The business’s 50 day moving average is $118.78 and its 200-day moving average is $118.46. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.22. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company posted $1.84 earnings per share. Autoliv’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a dividend of $0.87 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is presently 35.95%.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Autoliv in a research report on Friday, October 10th. Wells Fargo & Company lowered their target price on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Morgan Stanley set a $140.00 price target on Autoliv in a report on Wednesday, November 26th. UBS Group restated an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Finally, Robert W. Baird dropped their target price on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.63.

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.