Picton Mahoney Asset Management Makes New Investment in Autoliv, Inc. $ALV

Picton Mahoney Asset Management purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,263 shares of the auto parts company’s stock, valued at approximately $1,020,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Autoliv during the third quarter worth about $32,000. True Wealth Design LLC grew its stake in shares of Autoliv by 1,892.3% in the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 246 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Autoliv by 103.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Autoliv by 18,550.0% during the third quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 371 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Autoliv during the third quarter valued at approximately $53,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $111.00 on Friday. The company’s fifty day moving average is $123.06 and its two-hundred day moving average is $121.78. The company has a market cap of $8.29 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.32. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping 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%.During the same period in the previous year, the firm earned $3.05 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Equities analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

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

Insider Activity at Autoliv

In related news, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s 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 $155,954.34. Following the completion of the sale, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director directly owned 5,549 shares in the company, valued at $668,099.60. The trade was 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 have sold 22,243 shares of company stock worth $2,713,735. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. TD Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, February 2nd. Wolfe Research set a $143.00 price objective on Autoliv in a research note on Monday, January 12th. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $109.00 to $140.00 in a report on Wednesday, November 26th. Finally, Wells Fargo & Company reduced their target price on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus 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.