Renaissance Technologies LLC Boosts Stock Position in Autoliv, Inc. $ALV

Renaissance Technologies LLC boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 58.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,800 shares of the auto parts company’s stock after acquiring an additional 78,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Autoliv were worth $22,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the period. Torren Management LLC acquired a new stake in shares of Autoliv during the fourth quarter worth $25,000. Parkside Financial Bank & Trust grew its position in Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the last quarter. Quarry LP purchased a new position in Autoliv in the 3rd quarter valued at $36,000. Finally, Johnson Financial Group Inc. acquired a new position in Autoliv in the 3rd quarter valued at $37,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Up 0.2%

Shares of NYSE ALV opened at $124.41 on Thursday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The firm has a 50-day moving average price of $122.01 and a 200 day moving average price of $118.49. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. Autoliv’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Autoliv, Inc. will post 10.11 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s payout ratio is presently 40.99%.

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALV. Robert W. Baird upped their price objective on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. TD Cowen dropped their price target on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada lowered their price objective on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average target price of $135.93.

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.