Yousif Capital Management LLC Cuts Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Yousif Capital Management LLC reduced its position in shares of Autoliv, Inc. (NYSE:ALV) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,086 shares of the auto parts company’s stock after selling 605 shares during the period. Yousif Capital Management LLC’s holdings in Autoliv were worth $4,087,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALV. Rise Advisors LLC boosted its holdings in shares of Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Autoliv by 269.5% during the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 636 shares during the period. Wahed Invest LLC boosted its holdings in shares of Autoliv by 8.5% during the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after purchasing an additional 105 shares during the period. Platinum Investment Management Ltd. boosted its holdings in shares of Autoliv by 32.7% during the third quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 448 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in shares of Autoliv during the fourth quarter worth about $205,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Colin Naughton sold 782 shares of Autoliv stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total transaction of $86,551.76. Following the completion of the transaction, the insider now directly owns 5,594 shares in the company, valued at $619,143.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Colin Naughton sold 782 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the transaction, the insider now directly owns 5,594 shares in the company, valued at approximately $619,143.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the transaction, the executive vice president now owns 4,859 shares of the company’s stock, valued at $534,490. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,388 shares of company stock worth $921,757. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALV. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 12th. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Wells Fargo & Company increased their price target on shares of Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Barclays increased their price target on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.60.

Autoliv Price Performance

ALV stock opened at $122.24 on Friday. The firm has a 50 day moving average price of $117.53 and a 200-day moving average price of $107.75. Autoliv, Inc. has a 52-week low of $79.66 and a 52-week high of $125.91. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the business earned $1.83 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Equities research analysts forecast that Autoliv, Inc. will post 9.68 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.23%. Autoliv’s payout ratio is 47.30%.

Autoliv Company 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.