Farther Finance Advisors LLC Decreases Position in Autoliv, Inc. (NYSE:ALV)

Farther Finance Advisors LLC decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,921 shares of the auto parts company’s stock after selling 361 shares during the quarter. Farther Finance Advisors LLC’s holdings in Autoliv were worth $180,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Autoliv by 38.3% in the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after buying an additional 76,510 shares during the last quarter. Quantbot Technologies LP lifted its stake in Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock valued at $4,855,000 after buying an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC lifted its stake in Autoliv by 32.9% in the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after buying an additional 33,490 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in Autoliv in the fourth quarter valued at approximately $394,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Trading Up 3.1 %

Shares of ALV stock opened at $91.38 on Thursday. The business’s fifty day moving average price is $96.11 and its 200 day moving average price is $95.92. Autoliv, Inc. has a 1-year low of $87.55 and a 1-year high of $129.38. The firm has a market capitalization of $7.10 billion, a PE ratio of 11.32, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, sell-side 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 Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is 34.70%.

Wall Street Analyst Weigh In

ALV has been the subject of a number of research reports. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Pareto Securities cut Autoliv to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. HSBC cut Autoliv from a “buy” rating to a “hold” rating and cut their price target for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Finally, TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They set a “buy” rating and a $116.00 price target for the company. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and an average target price of $117.14.

Insider Buying and Selling at Autoliv

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now owns 685 shares of the company’s stock, valued at approximately $67,712.25. This represents a 36.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,253 shares of company stock valued at $915,534. Insiders own 0.20% of the company’s stock.

Autoliv 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.