Autoliv, Inc. (NYSE:ALV) is Lancaster Investment Management’s Largest Position

Lancaster Investment Management increased its position in shares of Autoliv, Inc. (NYSE:ALV) by 17.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 568,821 shares of the auto parts company’s stock after purchasing an additional 85,732 shares during the quarter. Autoliv makes up approximately 47.2% of Lancaster Investment Management’s investment portfolio, making the stock its largest position. Lancaster Investment Management’s holdings in Autoliv were worth $53,350,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after buying an additional 159 shares in the last quarter. AlphaQuest LLC grew its holdings in Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after buying an additional 134 shares in the last quarter. Fred Alger Management LLC purchased a new stake in Autoliv in the 3rd quarter valued at $45,000. CIBC Asset Management Inc grew its holdings in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after buying an additional 124 shares in the last quarter. Finally, Blueshift Asset Management LLC grew its holdings in Autoliv by 14.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company’s stock valued at $245,000 after buying an additional 334 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Price Performance

ALV opened at $91.13 on Thursday. The stock’s 50-day moving average price is $96.56 and its 200 day moving average price is $96.38. Autoliv, Inc. has a 12-month low of $88.98 and a 12-month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, March 7th. Autoliv’s dividend payout ratio is currently 34.70%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating for the company. Wells Fargo & Company dropped their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. TD Cowen assumed coverage on Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 target price for the company. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Pareto Securities cut Autoliv to a “hold” rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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 stock in a transaction dated 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 $67,712.25. This trade represents a 36.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction dated 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 represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.