Autoliv, Inc. $ALV Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP trimmed its position in Autoliv by 1.8% (sold 34,645 shares), leaving it with 1,844,167 shares—about 2.43% of the company valued at roughly $227.76 million.
• Autoliv beat quarterly expectations, reporting $3.19 EPS versus $2.85 expected and revenue up 7.7% year-over-year, with sell-side analysts projecting about 9.51 EPS for the current year.
• Autoliv declared a quarterly dividend of $0.87 ($3.48 annualized) for a 3.1% yield

Dimensional Fund Advisors LP trimmed its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,844,167 shares of the auto parts company's stock after selling 34,645 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.43% of Autoliv worth $227,764,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Autoliv during the 1st quarter worth about $412,000. NewEdge Advisors LLC boosted its holdings in Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock valued at $287,000 after purchasing an additional 326 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock valued at $937,000 after purchasing an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock valued at $16,935,000 after purchasing an additional 89,918 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Autoliv during the second quarter worth approximately $62,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Up 0.5%

Shares of NYSE:ALV opened at $111.00 on Friday. The stock has a market cap of $8.29 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.93 and a beta of 1.32. The firm has a fifty day moving average price of $123.06 and a 200 day moving average price of $121.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same period last year, the firm earned $3.05 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, March 4th. Autoliv's payout ratio is 36.40%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $132.00 target price on shares of Autoliv in a report on Monday, February 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Autoliv in a research note on Monday, December 29th. Evercore reduced their price target on shares of Autoliv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of Autoliv from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $109.00 to $140.00 in a research note on Wednesday, November 26th. Finally, Barclays reaffirmed an "overweight" rating and set a $140.00 price objective on shares of Autoliv in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.71.

Insider Activity

In other Autoliv news, EVP Christian Swahn sold 1,478 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $180,360.34. Following the completion of the sale, the executive vice president directly owned 5,314 shares of the company's stock, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,243 shares of company stock worth $2,713,735 over the last quarter. 0.20% of the stock is owned by insiders.

About Autoliv

Autoliv Inc NYSE: ALV is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux's automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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