Cubist Systematic Strategies LLC Acquires Shares of 18,889 Autoliv, Inc. (ALV)

Cubist Systematic Strategies LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,889 shares of the auto parts company’s stock, valued at approximately $2,335,000.

A number of other institutional investors have also added to or reduced their stakes in ALV. Toronto Dominion Bank boosted its holdings in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 114 shares during the period. Victory Capital Management Inc. boosted its holdings in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after purchasing an additional 414 shares during the period. Teachers Advisors LLC boosted its holdings in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares during the period. JPMorgan Chase & Co. boosted its holdings in Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Autoliv by 8.1% in the second quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after purchasing an additional 145 shares during the period. 33.54% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Johan Lofvenholm sold 3,965 shares of Autoliv stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Autoliv, Inc. (NYSE:ALV) opened at $125.42 on Thursday. Autoliv, Inc. has a 1-year low of $96.08 and a 1-year high of $129.84. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The stock has a market cap of $10,910.00, a price-to-earnings ratio of 20.49, a PEG ratio of 2.49 and a beta of 1.10.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. sell-side analysts expect that Autoliv, Inc. will post 6.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, February 21st. Autoliv’s dividend payout ratio is currently 41.38%.

A number of research firms have commented on ALV. Mizuho reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Autoliv in a report on Monday. Piper Jaffray Companies set a $124.00 price objective on shares of Autoliv and gave the stock a “hold” rating in a report on Friday, December 8th. KeyCorp reissued a “buy” rating and set a $146.00 price target (up previously from $136.00) on shares of Autoliv in a report on Monday, November 6th. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, November 1st. Finally, Pareto Securities raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.48.

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About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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