Citigroup Inc. Has $4.41 Million Stock Position in Autoliv, Inc. $ALV

Citigroup Inc. increased its position in Autoliv, Inc. (NYSE:ALV) by 118.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,705 shares of the auto parts company’s stock after purchasing an additional 19,347 shares during the quarter. Citigroup Inc.’s holdings in Autoliv were worth $4,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Autoliv in the first quarter worth approximately $412,000. NewEdge Advisors LLC raised its position in shares of Autoliv by 11.2% during the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Autoliv by 3,361.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock worth $937,000 after purchasing an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Autoliv by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after purchasing an additional 89,918 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Autoliv by 975.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 527 shares of the auto parts company’s stock valued at $59,000 after purchasing an additional 478 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Insider Activity

In other Autoliv news, EVP Christian Swahn sold 1,478 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $180,360.34. Following the transaction, the executive vice president directly owned 5,314 shares in the company, valued at $648,467.42. The trade was a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director directly owned 5,549 shares of the company’s stock, valued at $668,099.60. This represents a 59.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,243 shares of company stock worth $2,713,735. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ALV shares. Evercore dropped their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Robert W. Baird set a $132.00 target price on shares of Autoliv in a report on Monday, February 2nd. Wall Street Zen downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Wells Fargo & Company lowered their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Finally, TD Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $134.40.

Autoliv Trading Down 0.9%

NYSE:ALV opened at $112.08 on Thursday. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The firm has a 50-day moving average price of $123.44 and a two-hundred day moving average price of $121.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.32.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $3.05 earnings per share. On average, equities analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

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.