Balyasny Asset Management L.P. Invests $25.75 Million in Autoliv, Inc. (NYSE:ALV)

Balyasny Asset Management L.P. bought a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 274,541 shares of the auto parts company's stock, valued at approximately $25,749,000. Balyasny Asset Management L.P. owned 0.35% of Autoliv at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legend Financial Advisors Inc. increased its stake in Autoliv by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock valued at $595,000 after purchasing an additional 115 shares during the period. CIBC Asset Management Inc increased its position 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 acquiring an additional 124 shares during the period. US Bancorp DE raised its stake in Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after acquiring an additional 130 shares during the last quarter. AlphaQuest LLC lifted its position in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after acquiring an additional 134 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of 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 valued at $391,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Activity at Autoliv

In related news, CEO Mikael Bratt sold 5,760 shares of the 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 transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares of the company's stock, valued at $607,013.86. This trade represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock valued at $915,534. 0.30% of the stock is owned by insiders.

Autoliv Price Performance

Shares of NYSE ALV traded up $2.81 on Friday, hitting $98.04. The company's stock had a trading volume of 786,379 shares, compared to its average volume of 817,386. The stock has a 50 day moving average of $89.33 and a 200-day moving average of $94.10. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

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

Autoliv Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on ALV. BNP Paribas Exane raised Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Friday. Mizuho reduced their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Pareto Securities lowered shares of Autoliv to a "hold" rating in a research note on Monday, February 3rd. 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 report on Tuesday, April 15th. Finally, TD Cowen initiated coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.