Renaissance Technologies LLC Decreases Holdings in Autoliv, Inc. (NYSE:ALV)

Renaissance Technologies LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,700 shares of the auto parts company's stock after selling 104,200 shares during the quarter. Renaissance Technologies LLC owned 0.18% of Autoliv worth $13,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legend Financial Advisors Inc. boosted its holdings in Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after purchasing an additional 115 shares during the last quarter. CIBC Asset Management Inc grew its stake in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock valued at $235,000 after purchasing an additional 124 shares during the period. US Bancorp DE increased its stake in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock worth $358,000 after purchasing an additional 130 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Autoliv by 3.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company's stock worth $391,000 after buying an additional 140 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autoliv

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value 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. This trade represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Autoliv Stock Down 1.4 %

NYSE:ALV traded down $1.20 on Monday, reaching $85.15. 74,722 shares of the stock traded hands, compared to its average volume of 817,923. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.73 and a beta of 1.47. The company's fifty day simple moving average is $90.74 and its 200 day simple moving average is $94.34. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping 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 business 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 posted $1.58 earnings per share. Equities analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.29%. Autoliv's payout ratio is presently 32.22%.

Analysts Set New Price Targets

A number of research firms have recently commented on ALV. TD Cowen started coverage on Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 price target for the company. Robert W. Baird reduced their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Mizuho lowered their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Pareto Securities lowered shares of Autoliv to a "hold" rating in a research report on Monday, February 3rd. Finally, Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.64.

Autoliv Company 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.