AQR Capital Management LLC Has $29.08 Million Holdings in Autoliv, Inc. (NYSE:ALV)

AQR Capital Management LLC cut its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 310,780 shares of the auto parts company's stock after selling 71,478 shares during the period. AQR Capital Management LLC owned approximately 0.40% of Autoliv worth $29,077,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Autoliv by 41.5% in the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock worth $2,821,000 after purchasing an additional 8,859 shares during the period. JPMorgan Chase & Co. lifted its holdings in Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock valued at $25,800,000 after buying an additional 76,510 shares in the last quarter. Fortem Financial Group LLC boosted its position in Autoliv by 3.5% in the 4th quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company's stock valued at $633,000 after buying an additional 228 shares during the period. Legend Financial Advisors Inc. grew its stake in Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after acquiring an additional 115 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Autoliv by 3.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company's stock worth $391,000 after acquiring an additional 140 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALV has been the topic of several research reports. Mizuho cut their price objective on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a research report on Tuesday, January 7th. TD Cowen started coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price target on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Insider Activity at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company's stock.

Autoliv Stock Performance

Shares of NYSE:ALV traded down $1.18 on Tuesday, hitting $93.36. The company's stock had a trading volume of 440,902 shares, compared to its average volume of 816,524. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The stock's 50-day moving average is $89.30 and its two-hundred day moving average is $94.11. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The company had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $1.58 EPS. On average, equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. Autoliv's dividend payout ratio is 32.22%.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.