Moon Capital Management LP Acquires New Holdings in Autoliv, Inc. (NYSE:ALV)

Moon Capital Management LP bought a new position in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, HoldingsChannel reports. The firm bought 30,867 shares of the auto parts company’s stock, valued at approximately $2,895,000. Autoliv accounts for 2.2% of Moon Capital Management LP’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after buying an additional 8,859 shares in the last quarter. Virtu Financial LLC acquired a new position in Autoliv in the third quarter valued at about $1,684,000. JPMorgan Chase & Co. increased its holdings in shares of Autoliv by 38.3% in the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after acquiring an additional 76,510 shares in the last quarter. Fortem Financial Group LLC raised its position in shares of Autoliv by 3.5% during the fourth quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock worth $633,000 after purchasing an additional 228 shares during the period. Finally, Legend Financial Advisors Inc. grew its position in shares of Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock valued at $595,000 after purchasing an additional 115 shares during the period. 69.57% of the stock is owned by institutional investors.

Autoliv Trading Down 1.3 %

Shares of Autoliv stock opened at $91.04 on Friday. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38. 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 business’s 50 day moving average is $89.97 and its 200-day moving average is $94.18. The stock has a market cap of $7.04 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.73 and a beta of 1.47.

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

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s payout ratio is currently 32.22%.

Analyst Ratings Changes

A number of research analysts have weighed in on ALV shares. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. HSBC cut Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Pareto Securities lowered Autoliv to a “hold” rating in a report on Monday, February 3rd. Finally, Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Insiders Place Their Bets

In other news, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares in the company, valued at $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This trade represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock valued at $915,534 over the last 90 days. 0.30% of the stock is currently owned by insiders.

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.