Assenagon Asset Management S.A. Acquires Shares of 45,238 Autoliv, Inc. $ALV

Assenagon Asset Management S.A. acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, Holdings Channel.com reports. The fund acquired 45,238 shares of the auto parts company’s stock, valued at approximately $5,370,000.

A number of other hedge funds also recently modified their holdings of the stock. Swedbank AB boosted its holdings in shares of Autoliv by 8.5% during the 3rd quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after buying an additional 203,511 shares during the period. Vanguard Group Inc. raised its holdings in Autoliv by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,846,175 shares of the auto parts company’s stock valued at $228,003,000 after acquiring an additional 19,440 shares during the period. LSV Asset Management lifted its position in Autoliv by 54.9% during the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after acquiring an additional 559,605 shares during the last quarter. Norges Bank acquired a new stake in Autoliv during the second quarter worth approximately $110,368,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Autoliv by 151.7% during the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after acquiring an additional 556,651 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Trading Down 2.4%

Shares of ALV stock opened at $102.54 on Friday. The stock has a market cap of $7.68 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The stock has a 50 day simple moving average of $117.19 and a 200 day simple moving average of $119.72.

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. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.05 EPS. On average, research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling

In other news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the transaction, the insider directly owned 7,739 shares in the company, valued at approximately $941,139.79. The trade was a 17.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $180,360.34. Following the sale, the executive vice president directly owned 5,314 shares of the company’s stock, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 22,243 shares of company stock worth $2,713,735. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ALV shares. Robert W. Baird set a $132.00 target price on Autoliv in a research note on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Evercore lowered their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. TD Cowen reissued a “buy” rating on shares of Autoliv in a report on Tuesday, March 17th. Finally, Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.71.

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.