Foundry Partners LLC Acquires New Position in Autoliv, Inc. (NYSE:ALV)

Foundry Partners LLC acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 137,627 shares of the auto parts company's stock, valued at approximately $15,165,000. Autoliv makes up about 0.9% of Foundry Partners LLC's investment portfolio, making the stock its 29th largest position. Foundry Partners LLC owned about 0.16% of Autoliv at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC grew its position in Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company's stock worth $29,000 after acquiring an additional 122 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Autoliv in the third quarter worth approximately $46,000. New York State Common Retirement Fund bought a new stake in Autoliv in the first quarter worth approximately $49,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Autoliv in the second quarter worth approximately $72,000. Finally, Fifth Third Bancorp grew its position in Autoliv by 269.5% in the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company's stock worth $84,000 after acquiring an additional 636 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autoliv

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $83,600.00. Following the sale, the executive vice president now owns 4,859 shares of the company's stock, valued at approximately $534,490. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Colin Naughton sold 782 shares of Autoliv stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the transaction, the insider now owns 5,594 shares in the company, valued at $619,143.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the transaction, the executive vice president now owns 4,859 shares of the company's stock, valued at approximately $534,490. The disclosure for this sale can be found here. Insiders have sold 8,388 shares of company stock valued at $921,757 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Autoliv Stock Performance

NYSE:ALV traded up $0.47 during trading hours on Friday, hitting $114.83. 537,491 shares of the company traded hands, compared to its average volume of 415,850. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 0.76 and a beta of 1.72. Autoliv, Inc. has a twelve month low of $79.66 and a twelve month high of $124.38. The firm has a 50-day moving average of $116.96 and a 200 day moving average of $107.29. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The business's quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. On average, analysts forecast that Autoliv, Inc. will post 9.68 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, March 11th. Autoliv's dividend payout ratio (DPR) is presently 47.30%.

Wall Street Analyst Weigh In

ALV has been the subject of several recent research reports. Berenberg Bank raised shares of Autoliv from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, January 12th. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Saturday, January 20th. Mizuho boosted their price objective on shares of Autoliv from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, March 25th. Wells Fargo & Company boosted their price objective on shares of Autoliv from $101.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Finally, Barclays boosted their price objective on shares of Autoliv from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $115.18.

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.

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