Horizon Investments LLC Has $149,000 Position in Autoliv, Inc. $ALV

Horizon Investments LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 94.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,252 shares of the auto parts company’s stock after selling 20,826 shares during the period. Horizon Investments LLC’s holdings in Autoliv were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in shares of Autoliv by 24.8% during the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock valued at $56,000 after buying an additional 89 shares during the period. IFP Advisors Inc boosted its stake in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares during the period. Fortem Financial Group LLC boosted its stake in shares of Autoliv by 2.0% during the 3rd quarter. Fortem Financial Group LLC now owns 6,237 shares of the auto parts company’s stock valued at $770,000 after buying an additional 120 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Autoliv by 35.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 454 shares of the auto parts company’s stock valued at $56,000 after buying an additional 120 shares during the period. Finally, Legend Financial Advisors Inc. boosted its stake in shares of Autoliv by 2.0% during the 3rd quarter. Legend Financial Advisors Inc. now owns 6,504 shares of the auto parts company’s stock valued at $803,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Insider Transactions at Autoliv

In related news, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the transaction, the executive vice president owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the transaction, the chief executive officer owned 29,290 shares in the company, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,243 shares of company stock worth $2,713,735. Corporate insiders own 0.34% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $121.68 on Monday. The company has a market capitalization of $9.11 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. Autoliv, Inc. has a one year low of $97.51 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The company’s fifty day moving average price is $110.44 and its 200 day moving average price is $117.54.

Autoliv (NYSE:ALV) last announced its earnings results on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. As a group, analysts expect that Autoliv, Inc. will post 10.53 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen decreased their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Robert W. Baird lifted their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $116.00 target price on shares of Autoliv in a research note on Monday, April 20th. Barclays decreased their target price 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, Wall Street Zen upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

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.