Cubist Systematic Strategies LLC boosted its position in shares of Autoliv, Inc. (NYSE:ALV – Get Rating) by 48,617.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,769 shares of the auto parts company’s stock after purchasing an additional 46,673 shares during the quarter. Cubist Systematic Strategies LLC owned 0.05% of Autoliv worth $3,116,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Autoliv in the second quarter valued at approximately $33,000. Wahed Invest LLC acquired a new position in shares of Autoliv in the second quarter valued at approximately $67,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Autoliv in the second quarter valued at approximately $72,000. Lazard Asset Management LLC acquired a new position in shares of Autoliv in the third quarter valued at approximately $69,000. Finally, Dupont Capital Management Corp acquired a new position in shares of Autoliv in the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 46.63% of the company’s stock.
Autoliv Stock Performance
NYSE ALV opened at $94.11 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $86.10 and its two-hundred day moving average price is $81.08. Autoliv, Inc. has a 1 year low of $65.74 and a 1 year high of $96.49. The firm has a market capitalization of $8.11 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.70.
Autoliv Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Wednesday, March 8th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.81%. Autoliv’s dividend payout ratio is currently 54.32%.
Insider Buying and Selling at Autoliv
In other Autoliv news, insider Fredrik Westin sold 538 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $89.21, for a total value of $47,994.98. Following the transaction, the insider now directly owns 2,638 shares in the company, valued at $235,335.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Autoliv news, insider Fredrik Westin sold 538 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $89.21, for a total value of $47,994.98. Following the transaction, the insider now directly owns 2,638 shares in the company, valued at $235,335.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Colin Naughton sold 420 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $90.87, for a total transaction of $38,165.40. Following the completion of the transaction, the insider now owns 4,809 shares in the company, valued at $436,993.83. The disclosure for this sale can be found here. Insiders have sold a total of 1,360 shares of company stock worth $123,008 over the last ninety days. Insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ALV. Citigroup upped their price target on shares of Autoliv from $87.00 to $97.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. The Goldman Sachs Group upped their price target on shares of Autoliv from $85.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, January 31st. Wells Fargo & Company upped their price target on shares of Autoliv from $81.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Autoliv from $94.00 to $112.00 in a research report on Monday, January 30th. Finally, Barclays began coverage on shares of Autoliv in a research report on Tuesday, February 14th. They issued an “equal weight” rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.00.
About Autoliv
Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.
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