AQR Capital Management LLC Sells 71,478 Shares of Autoliv, Inc. (NYSE:ALV)

AQR Capital Management LLC trimmed its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,780 shares of the auto parts company's stock after selling 71,478 shares during the period. AQR Capital Management LLC owned about 0.40% of Autoliv worth $29,077,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock worth $25,800,000 after buying an additional 76,510 shares during the last quarter. Lancaster Investment Management boosted its stake in Autoliv by 17.7% during the 4th quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company's stock worth $53,350,000 after purchasing an additional 85,732 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Autoliv during the 4th quarter worth about $394,000. Barclays PLC lifted its holdings in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock worth $2,821,000 after acquiring an additional 8,859 shares during the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Autoliv during the fourth quarter worth about $326,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Autoliv stock traded up $2.66 during midday trading on Friday, hitting $97.89. The company's stock had a trading volume of 496,559 shares, compared to its average volume of 814,694. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.57 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The stock's 50-day moving average price is $89.23 and its 200-day moving average price is $94.09.

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

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. Autoliv's dividend payout ratio (DPR) is 32.22%.

Insider Activity

In other news, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. The trade was a 19.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Per Jonas Jademyr sold 401 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the transaction, the executive vice president now owns 685 shares in the company, valued at $67,712.25. This represents a 36.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 over the last 90 days. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALV shares. Robert W. Baird reduced their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Barclays raised their price objective on Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. HSBC downgraded shares of Autoliv from a "buy" rating to a "hold" rating and cut their price target for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Finally, Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.79.

Autoliv Profile

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.