M&T Bank Corp Grows Holdings in Autoliv, Inc. $ALV

Key Points

• M&T Bank Corp dramatically increased its stake in Autoliv by 3,629% in Q4, adding 69,785 shares to hold 71,708 shares (about 0.09% of the company) valued at ~$9.4 million, while institutional investors own roughly 69.6% of ALV.
• Autoliv beat expectations for the most recent quarter with $2.05 EPS vs. $1.84 estimated and $2.75B revenue (up 6.8% YoY), and pays a quarterly dividend of $0.87 (annualized $3.48, ~3.0% yield).
• Insider selling has been notable: CEO Mikael Bratt sold 8,974 shares and a director sold 8,300 shares, with insiders selling 22,243 shares (~$2.71M) over the past three months and insiders now owning 0.34% of the stock.

M&T Bank Corp grew its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 3,629.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,708 shares of the auto parts company's stock after buying an additional 69,785 shares during the quarter. M&T Bank Corp owned 0.09% of Autoliv worth $9,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock valued at $25,000 after buying an additional 107 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Autoliv during the 3rd quarter valued at approximately $32,000. Quarry LP purchased a new position in shares of Autoliv during the 3rd quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Autoliv during the 3rd quarter valued at approximately $37,000. Finally, Global Retirement Partners LLC raised its position in shares of Autoliv by 18,550.0% during the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 371 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 8,974 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $123.51, for a total value of $1,108,378.74. Following the sale, the chief executive officer directly owned 29,290 shares of the company's stock, valued at $3,617,607.90. This trade represents a 23.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director directly owned 5,549 shares in the company, valued at $668,099.60. This represents a 59.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,243 shares of company stock valued at $2,713,735 over the last three months. 0.34% of the stock is currently owned by company insiders.

Autoliv Stock Performance

ALV stock opened at $117.81 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The firm has a market cap of $8.82 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.78 and a beta of 1.35. Autoliv, Inc. has a 12-month low of $90.58 and a 12-month high of $130.14. The stock's 50 day simple moving average is $111.38 and its 200 day simple moving average is $117.68.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Friday, April 17th. The auto parts company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned $2.15 earnings per share. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that Autoliv, Inc. will post 10.49 EPS for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were given a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a yield of 3.0%. Autoliv's dividend payout ratio (DPR) is currently 37.42%.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research reports. Weiss Ratings raised Autoliv from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Jefferies Financial Group lowered Autoliv from a "buy" rating to a "hold" rating and dropped their price target for the company from $150.00 to $120.00 in a research report on Tuesday, April 14th. Bank of America initiated coverage on Autoliv in a research report on Thursday, April 16th. They set a "buy" rating and a $140.00 price target on the stock. TD Cowen dropped their price target on Autoliv from $150.00 to $147.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. Finally, Evercore dropped their price target on Autoliv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $134.25.

Autoliv Company 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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