Squarepoint Ops LLC Reduces Holdings in Autoliv, Inc. (NYSE:ALV)

Squarepoint Ops LLC reduced its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,721 shares of the auto parts company's stock after selling 59,339 shares during the quarter. Squarepoint Ops LLC's holdings in Autoliv were worth $818,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Autoliv in the 4th quarter valued at about $50,000. Physician Wealth Advisors Inc. acquired a new position in Autoliv in the 4th quarter worth about $57,000. Raiffeisen Bank International AG purchased a new position in Autoliv during the fourth quarter worth approximately $155,000. Finally, Captrust Financial Advisors boosted its position in Autoliv by 6.8% during the fourth quarter. Captrust Financial Advisors now owns 2,433 shares of the auto parts company's stock worth $228,000 after purchasing an additional 155 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

ALV traded up $1.40 during trading on Tuesday, reaching $102.71. The company's stock had a trading volume of 544,242 shares, compared to its average volume of 818,789. 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 firm has a fifty day simple moving average of $92.32 and a two-hundred day simple moving average of $94.60. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $128.66. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter last year, the firm earned $1.58 earnings per share. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.73%. Autoliv's dividend payout ratio is presently 32.22%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALV. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird cut their price target on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. HSBC cut shares of Autoliv from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on shares of Autoliv from $82.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays boosted their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.00.

Autoliv Company 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.