Groupama Asset Managment Sells 32,772 Shares of Autoliv, Inc. $ALV

Groupama Asset Managment trimmed its holdings in Autoliv, Inc. (NYSE:ALV) by 86.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,143 shares of the auto parts company’s stock after selling 32,772 shares during the quarter. Groupama Asset Managment’s holdings in Autoliv were worth $610,000 as of its most recent SEC filing.

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

Autoliv Trading Up 0.1%

ALV opened at $118.31 on Friday. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The stock has a market cap of $8.86 billion, a PE ratio of 12.72, a PEG ratio of 0.79 and a beta of 1.33. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $120.45 and a 200-day moving average of $118.71.

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

Autoliv Announces Dividend

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

Insider Transactions at Autoliv

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research report on Monday, June 15th. Robert W. Baird raised their price objective on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. UBS Group raised their price objective on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Barclays lowered their price target on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Finally, TD Cowen dropped their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $134.87.

About Autoliv

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.