HITE Hedge Asset Management LLC Has $9.48 Million Stake in Autoliv, Inc. (NYSE:ALV)

HITE Hedge Asset Management LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 25.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,022 shares of the auto parts company’s stock after selling 34,402 shares during the period. HITE Hedge Asset Management LLC’s holdings in Autoliv were worth $9,475,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock worth $670,270,000 after acquiring an additional 641,895 shares during the period. FIL Ltd boosted its stake in Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock worth $223,433,000 after buying an additional 351,876 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock valued at $133,259,000 after buying an additional 59,592 shares during the period. Wellington Management Group LLP raised its stake in shares of Autoliv by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company’s stock valued at $96,035,000 after buying an additional 113,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Autoliv by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 995,121 shares of the auto parts company’s stock worth $93,368,000 after acquiring an additional 7,746 shares during the period. Institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,253 shares of company stock worth $915,534. Insiders own 0.20% of the company’s stock.

Autoliv Stock Down 0.5 %

NYSE ALV opened at $86.40 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.38. The stock has a market capitalization of $6.69 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The stock has a fifty day moving average of $90.87 and a 200-day moving average of $94.37.

Autoliv (NYSE:ALV) last released its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.58 EPS. On average, equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s dividend payout ratio is presently 32.22%.

Analyst Ratings Changes

Several research firms recently issued reports on ALV. Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, January 7th. HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a “buy” rating and a $116.00 price target on the stock. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $112.64.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.