Balyasny Asset Management LLC increased its position in Autoliv, Inc. (NYSE:ALV – Get Rating) by 30.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,339 shares of the auto parts company’s stock after buying an additional 134,122 shares during the quarter. Balyasny Asset Management LLC owned 0.65% of Autoliv worth $37,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in Autoliv in the second quarter valued at approximately $33,000. Wahed Invest LLC bought a new stake in Autoliv in the second quarter valued at approximately $67,000. Lazard Asset Management LLC bought a new stake in Autoliv in the third quarter valued at approximately $69,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Autoliv in the second quarter valued at approximately $72,000. Finally, Dupont Capital Management Corp bought a new stake in Autoliv in the third quarter valued at approximately $91,000. Institutional investors own 46.63% of the company’s stock.
Insider Transactions at Autoliv
In other news, insider Fredrik Westin sold 1,505 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $97.45, for a total transaction of $146,662.25. Following the transaction, the insider now directly owns 4,142 shares of the company’s stock, valued at $403,637.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Magnus Jarlegren sold 402 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $91.66, for a total transaction of $36,847.32. Following the transaction, the insider now directly owns 4,184 shares of the company’s stock, valued at $383,505.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Fredrik Westin sold 1,505 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $97.45, for a total value of $146,662.25. Following the transaction, the insider now directly owns 4,142 shares in the company, valued at $403,637.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,865 shares of company stock valued at $269,670. Insiders own 0.21% of the company’s stock.
Autoliv Trading Up 2.7 %
Autoliv (NYSE:ALV – Get Rating) last released its earnings results on Friday, January 27th. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.29. Autoliv had a return on equity of 14.84% and a net margin of 4.80%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. As a group, equities analysts forecast that Autoliv, Inc. will post 6.33 EPS for the current fiscal year.
Autoliv Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.87%. Autoliv’s dividend payout ratio is currently 54.32%.
Analyst Ratings Changes
Several analysts have weighed in on ALV shares. Wells Fargo & Company boosted their price objective on Autoliv from $81.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on Autoliv from $94.00 to $112.00 in a report on Monday, January 30th. UBS Group downgraded Autoliv from a “buy” rating to a “neutral” rating and upped their target price for the company from $84.00 to $86.00 in a report on Wednesday, December 7th. Bank of America initiated coverage on Autoliv in a report on Tuesday, February 21st. They set a “buy” rating and a $130.00 target price for the company. Finally, StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Sunday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.00.
Autoliv Company Profile
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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