Bayesian Capital Management LP Makes New Investment in Autoliv, Inc. (NYSE:ALV)

Bayesian Capital Management LP purchased a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,100 shares of the auto parts company's stock, valued at approximately $1,510,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of Autoliv by 9.9% in the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after purchasing an additional 641,895 shares during the period. Norges Bank bought a new position in Autoliv in the 4th quarter worth about $36,761,000. FIL Ltd increased its stake in Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock worth $223,433,000 after acquiring an additional 351,876 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Autoliv by 67.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock valued at $65,840,000 after acquiring an additional 284,002 shares in the last quarter. Finally, Park West Asset Management LLC grew its holdings in shares of Autoliv by 56.3% during the fourth quarter. Park West Asset Management LLC now owns 625,000 shares of the auto parts company's stock worth $58,619,000 after purchasing an additional 225,000 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho dropped their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Daiwa Capital Markets raised Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a research note on Tuesday, January 7th. TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They set a "buy" rating and a $116.00 price target for the company. Pareto Securities lowered Autoliv to a "hold" rating in a research report on Monday, February 3rd. Finally, Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Autoliv Stock Performance

Autoliv stock opened at $94.22 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a market cap of $7.28 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.73 and a beta of 1.35. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. The firm has a 50-day moving average of $89.44 and a 200-day moving average of $94.15.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data 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. 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 period last year, the company earned $1.58 EPS. Sell-side analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 2.97%. Autoliv's dividend payout ratio (DPR) is presently 32.22%.

Insider Transactions at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares in the company, valued at $720,218.59. This trade represents a 19.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company's stock.

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.

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