Autoliv, Inc. (NYSE:ALV) Shares Sold by ExodusPoint Capital Management LP

Posted by Defense World Staff on Jun 9th, 2023

ExodusPoint Capital Management LP reduced its position in Autoliv, Inc. (NYSE:ALV – Get Rating) by 34.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,548 shares of the auto parts company’s stock after selling 13,441 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Autoliv were worth $1,956,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in Autoliv by 52.5% in the 4th quarter. Signaturefd LLC now owns 526 shares of the auto parts company’s stock valued at $40,000 after buying an additional 181 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Autoliv in the 4th quarter valued at $40,000. Quadrant Capital Group LLC increased its stake in Autoliv by 33.3% in the 4th quarter. Quadrant Capital Group LLC now owns 553 shares of the auto parts company’s stock valued at $42,000 after buying an additional 138 shares during the period. Lazard Asset Management LLC acquired a new position in Autoliv in the 3rd quarter valued at $69,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Autoliv in the 2nd quarter valued at $72,000. 46.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Kepler Capital Markets upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, May 11th. Robert W. Baird decreased their target price on shares of Autoliv from $101.00 to $99.00 in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Autoliv from $113.00 to $110.00 in a research report on Monday, April 24th. The Goldman Sachs Group decreased their price objective on shares of Autoliv from $114.00 to $113.00 in a research report on Monday, April 24th. Finally, Bank of America decreased their price objective on shares of Autoliv from $130.00 to $127.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.54.

Insider Activity

In other news, Director Jan Carlson sold 2,614 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $88.98, for a total transaction of $232,593.72. Following the completion of the transaction, the director now owns 77,493 shares of the company’s stock, valued at approximately $6,895,327.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Autoliv Trading Up 0.5 %

Shares of ALV stock opened at $88.57 on Friday. The firm has a 50-day moving average price of $87.01 and a 200 day moving average price of $86.20. Autoliv, Inc. has a twelve month low of $65.74 and a twelve month high of $96.49. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.63 and a beta of 1.69. The company has a current ratio of 1.15, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

Autoliv (NYSE:ALV – Get Rating) last posted its quarterly earnings data on Friday, April 21st. The auto parts company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Autoliv had a net margin of 4.51% and a return on equity of 16.30%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts forecast that Autoliv, Inc. will post 6.38 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 24th. Autoliv’s dividend payout ratio is currently 55.23%.

About Autoliv

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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.