ExodusPoint Capital Management LP Acquires 45,309 Shares of Autoliv, Inc. $ALV

ExodusPoint Capital Management LP grew its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 29.8% during the fourth quarter, Holdings Channel reports. The firm owned 197,140 shares of the auto parts company’s stock after purchasing an additional 45,309 shares during the period. ExodusPoint Capital Management LP’s holdings in Autoliv were worth $23,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ALV. Integrated Wealth Concepts LLC bought a new position in shares of Autoliv during the 1st quarter valued at $412,000. NewEdge Advisors LLC raised its holdings in shares of Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after purchasing an additional 326 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after purchasing an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Autoliv by 88.5% during 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 in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Autoliv by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $121.94 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.84 and a beta of 1.33. The company’s fifty day moving average is $119.78 and its two-hundred day moving average is $118.72. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.21. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Equities research analysts forecast that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is currently 37.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ALV shares. TD Cowen cut their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Jefferies Financial Group downgraded shares of Autoliv from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $120.00 in a report on Tuesday, April 14th. Bank of America assumed coverage on shares of Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.87.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director directly owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Autoliv Company 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.