Wedge Capital Management L L P NC Decreases Stake in Autoliv, Inc. (NYSE:ALV)

Wedge Capital Management L L P NC trimmed its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 15.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 110,246 shares of the auto parts company's stock after selling 20,583 shares during the quarter. Wedge Capital Management L L P NC owned about 0.13% of Autoliv worth $12,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ALV. Wahed Invest LLC raised its holdings in shares of Autoliv by 8.5% during the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company's stock valued at $129,000 after purchasing an additional 105 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of 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 during the period. Victory Capital Management Inc. increased its position in Autoliv by 2.0% during the third quarter. Victory Capital Management Inc. now owns 14,656 shares of the auto parts company's stock valued at $1,414,000 after acquiring an additional 282 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Autoliv by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 30,418 shares of the auto parts company's stock valued at $3,352,000 after acquiring an additional 304 shares during the period. Finally, Arizona State Retirement System boosted its position in Autoliv by 1.4% in the third quarter. Arizona State Retirement System now owns 23,216 shares of the auto parts company's stock worth $2,240,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

ALV has been the subject of several recent research reports. Mizuho boosted their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, March 25th. Barclays raised their price objective on Autoliv from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 11th. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Saturday, January 20th. Wells Fargo & Company raised their target price 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, JPMorgan Chase & Co. increased their price objective on shares of Autoliv from $117.00 to $129.00 and gave the stock a "neutral" rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $117.82.

Insider Activity at Autoliv

In other Autoliv news, insider Colin Naughton sold 782 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Colin Naughton sold 782 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,388 shares of company stock worth $921,757. Insiders own 0.24% of the company's stock.

Autoliv Price Performance

Autoliv stock traded up $0.71 during mid-day trading on Tuesday, reaching $117.99. 416,075 shares of the company's stock traded hands, compared to its average volume of 526,702. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $124.38. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 0.76 and a beta of 1.72. The stock has a 50 day moving average of $117.08 and a two-hundred day moving average of $107.46. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52.

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

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. Autoliv's dividend payout ratio (DPR) is presently 47.30%.

About Autoliv

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.