Autoliv, Inc. $ALV Stake Reduced by Lancaster Investment Management

Lancaster Investment Management lessened its holdings in Autoliv, Inc. (NYSE:ALV) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 587,831 shares of the auto parts company’s stock after selling 25,223 shares during the period. Autoliv makes up 35.8% of Lancaster Investment Management’s investment portfolio, making the stock its largest position. Lancaster Investment Management owned 0.77% of Autoliv worth $69,776,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after buying an additional 18,673 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new position in Autoliv during the third quarter worth about $1,302,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Autoliv during the third quarter valued at about $1,385,000. Northstar Advisory Group LLC acquired a new stake in shares of Autoliv during the third quarter valued at about $1,484,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Autoliv in the 3rd quarter valued at approximately $7,697,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALV has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Barclays reiterated an “overweight” rating and issued a $140.00 target price on shares of Autoliv in a report on Monday, February 2nd. Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. Morgan Stanley set a $140.00 price target on Autoliv in a research report on Wednesday, November 26th. Finally, Evercore dropped their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.71.

Autoliv Price Performance

Shares of NYSE ALV opened at $105.08 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The stock’s 50-day moving average is $118.15 and its two-hundred day moving average is $120.04. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14.

Autoliv (NYSE:ALV) last announced its quarterly earnings data 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 business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the business posted $3.05 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 4th were paid a $0.87 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a yield of 3.3%. Autoliv’s payout ratio is currently 36.40%.

Insider Activity at Autoliv

In other Autoliv news, Director Franz-Josef Kortuem sold 8,300 shares of the business’s 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 completion of the transaction, the director owned 5,549 shares in the company, valued at $668,099.60. The trade was a 59.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christian Swahn sold 1,478 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $180,360.34. Following the completion of the sale, the executive vice president directly owned 5,314 shares in the company, valued at approximately $648,467.42. This represents a 21.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,243 shares of company stock worth $2,713,735 over the last ninety days. 0.20% of the stock is currently owned by insiders.

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.