NewSquare Capital LLC Grows Holdings in Autoliv, Inc. (NYSE:ALV)

NewSquare Capital LLC grew its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,180 shares of the auto parts company’s stock after acquiring an additional 1,455 shares during the period. NewSquare Capital LLC’s holdings in Autoliv were worth $4,427,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Autoliv by 9.6% in the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after buying an additional 459,147 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Autoliv by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock valued at $206,103,000 after buying an additional 133,746 shares during the period. Invesco Ltd. boosted its holdings in shares of Autoliv by 30.3% in the 3rd quarter. Invesco Ltd. now owns 519,924 shares of the auto parts company’s stock valued at $50,162,000 after buying an additional 121,025 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Autoliv by 183.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 487,586 shares of the auto parts company’s stock valued at $47,042,000 after buying an additional 315,668 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Autoliv by 3.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 454,610 shares of the auto parts company’s stock valued at $50,093,000 after buying an additional 15,257 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Stock Performance

Autoliv stock traded up $0.71 during mid-day trading on Tuesday, reaching $117.99. The company had a trading volume of 416,075 shares, compared to its average volume of 526,702. 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, Inc. has a 52 week low of $79.66 and a 52 week high of $124.38. The company has a 50 day moving average of $117.08 and a 200-day moving average of $107.46. The firm 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.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, topping 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period 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. On average, sell-side analysts expect that Autoliv, Inc. will post 9.68 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 annualized dividend and a yield of 2.31%. Autoliv’s dividend payout ratio is 47.30%.

Insider Buying and Selling

In related news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at $1,925,256.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Autoliv news, CFO Fredrik Westin sold 1,318 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the sale, the chief financial officer now owns 5,458 shares of the company’s stock, valued at approximately $599,997.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the sale, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. Insiders sold 8,388 shares of company stock valued at $921,757 over the last quarter. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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 note on Friday, January 12th. Wells Fargo & Company boosted their target price on shares of Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Finally, Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Seven equities 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, the company has a consensus rating of “Hold” and a consensus target price of $117.82.

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.