Bayesian Capital Management LP Takes $1.51 Million Position in Autoliv, Inc. (NYSE:ALV)

Bayesian Capital Management LP bought a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,100 shares of the auto parts company's stock, valued at approximately $1,510,000.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALV. Hsbc Global Res downgraded shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. BNP Paribas upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday. Wells Fargo & Company decreased 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. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Pareto Securities downgraded Autoliv to a "hold" rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $112.79.

Autoliv Trading Up 3.0 %

Autoliv stock traded up $2.81 during trading on Friday, hitting $98.04. The company had a trading volume of 786,379 shares, compared to its average volume of 819,178. The stock has a market cap 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. 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, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. The company's 50 day simple moving average is $89.33 and its 200-day simple moving average is $94.08.

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, 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 company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. As a group, analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. 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 payout ratio is 32.22%.

Insider Activity at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares of the company's stock, valued at $2,305,062.30. This represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock valued at $915,534 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

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.