Wedge Capital Management L L P NC Decreases Position in Autoliv, Inc. $ALV

Wedge Capital Management L L P NC trimmed its stake in Autoliv, Inc. (NYSE:ALV) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,299 shares of the auto parts company’s stock after selling 8,613 shares during the period. Wedge Capital Management L L P NC’s holdings in Autoliv were worth $10,956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Root Financial Partners LLC purchased a new stake in Autoliv during the 3rd quarter valued at $32,000. Quarry LP bought a new stake in Autoliv in the third quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in Autoliv in the third quarter worth $37,000. Finally, Global Retirement Partners LLC boosted 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 worth $46,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Activity

In related news, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director directly owned 5,549 shares of the company’s stock, valued at $668,099.60. This represents a 59.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the transaction, the executive vice president owned 1,963 shares in the company, valued at approximately $239,544.89. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 22,243 shares of company stock valued at $2,713,735. Company insiders own 0.20% of the company’s stock.

Autoliv Stock Down 2.4%

Shares of NYSE ALV opened at $102.54 on Friday. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $130.14. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.86 and a beta of 1.32. The stock has a 50 day moving average price of $117.19 and a 200 day moving average price of $119.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

Autoliv (NYSE:ALV) last released its quarterly earnings data 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. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.Autoliv’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $3.05 EPS. Sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.4%. Autoliv’s dividend payout ratio is presently 36.40%.

Analyst Ratings Changes

A number of research analysts have weighed in on ALV shares. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research report on Monday, January 12th. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Robert W. Baird set a $132.00 price target on shares of Autoliv in a report on Monday, February 2nd. Finally, Evercore reduced their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.