Ceredex Value Advisors LLC Lowers Stock Holdings in Autoliv, Inc. $ALV

Key Points

• Ceredex Value Advisors cut its stake in Autoliv by 29.4% in Q3 to 64,150 shares, worth about $7.92 million, while institutional investors own roughly 69.6% of the stock.
• Analysts have a consensus "Moderate Buy" with an average price target of $135.71; Autoliv recently posted an earnings beat (Q EPS $3.19 vs. $2.85) and declared a quarterly dividend of $0.87 (annualized yield ~3.2%).
• Company insiders have been net sellers, disposing of 22,243 shares (~$2.71 million) in the last 90 days, while the stock trades near $107.71 with a market cap of about $8.05 billion and a PE of 11.27.

Ceredex Value Advisors LLC cut its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,150 shares of the auto parts company's stock after selling 26,700 shares during the period. Ceredex Value Advisors LLC owned approximately 0.08% of Autoliv worth $7,923,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ALV. Integrated Wealth Concepts LLC acquired a new stake in shares of Autoliv during the first quarter worth $412,000. NewEdge Advisors LLC raised its position in Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock worth $287,000 after buying an additional 326 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Autoliv by 3,361.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock worth $937,000 after acquiring an additional 10,285 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Autoliv by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock worth $16,935,000 after acquiring an additional 89,918 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Autoliv in the second quarter valued at about $62,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALV has been the subject of several analyst reports. Robert W. Baird set a $132.00 price target on shares of Autoliv in a report on Monday, February 2nd. Wells Fargo & Company lowered their price objective on Autoliv from $129.00 to $125.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 9th. Barclays reissued an "overweight" rating and set a $140.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Morgan Stanley set a $140.00 target price on Autoliv in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Autoliv in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.71.

Autoliv Price Performance

Shares of NYSE:ALV opened at $107.71 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The business's fifty day moving average price is $122.60 and its two-hundred day moving average price is $121.62. The stock has a market cap of $8.05 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.During the same period in the previous year, the business earned $3.05 earnings per share. The business's revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, March 4th. Autoliv's dividend payout ratio is 36.40%.

Insider Buying and Selling

In other news, EVP Christian Swahn sold 1,478 shares of the business's 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 $180,360.34. Following the completion of the transaction, the executive vice president owned 5,314 shares of the company's stock, valued at $648,467.42. The trade was a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Franz-Josef Kortuem sold 8,300 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director directly owned 5,549 shares in the company, valued at $668,099.60. The trade was a 59.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,243 shares of company stock worth $2,713,735 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Autoliv Profile

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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