Crestline Management LP Grows Position in Autoliv, Inc. (NYSE:ALV)

Crestline Management LP lifted its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 88.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,684 shares of the auto parts company's stock after purchasing an additional 3,614 shares during the quarter. Crestline Management LP's holdings in Autoliv were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALV. FMR LLC grew its holdings in shares of Autoliv by 9.9% during the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after purchasing an additional 641,895 shares during the last quarter. Norges Bank bought a new stake in Autoliv during the 4th quarter worth approximately $36,761,000. FIL Ltd grew its holdings in Autoliv by 17.3% during 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 grew its holdings in Autoliv by 67.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock worth $65,840,000 after acquiring an additional 284,002 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Autoliv during the 4th quarter worth approximately $25,749,000. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALV has been the topic of a number of research reports. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Friday, May 9th. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating on the stock. Robert W. Baird dropped their price target on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Pareto Securities downgraded shares of Autoliv to a "hold" rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and an average price target of $112.79.

Insider Transactions at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89% decrease in their ownership of the stock. The transaction 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 dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now owns 685 shares of the company's stock, valued at approximately $67,712.25. The trade was a 36.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Autoliv Stock Down 0.7%

ALV traded down $0.70 during trading on Thursday, hitting $100.92. 261,298 shares of the company's stock were exchanged, compared to its average volume of 816,657. 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 business's 50 day moving average is $89.56 and its two-hundred day moving average is $94.22. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38. The stock has a market cap of $7.80 billion, a P/E ratio of 12.52, a PEG ratio of 0.73 and a beta of 1.36.

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, topping the consensus estimate 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 analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $1.58 EPS. As a group, equities analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.77%. Autoliv's payout ratio is 32.22%.

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.