Kodai Capital Management LP Acquires Shares of 192,977 Autoliv, Inc. (NYSE:ALV)

Kodai Capital Management LP acquired a new stake in Autoliv, Inc. (NYSE:ALVFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 192,977 shares of the auto parts company’s stock, valued at approximately $21,264,000.

Several other large investors also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Autoliv in the 4th quarter worth approximately $27,000. Rise Advisors LLC lifted its position in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC lifted its position in shares of Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 223 shares during the period. TFO Wealth Partners LLC lifted its position in shares of Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 617 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Autoliv by 38.6% in the 4th quarter. Quadrant Capital Group LLC now owns 922 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 257 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays increased their target price on shares of Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Mizuho increased 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. Bank of America increased their target price on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird upped their price target on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price target for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $129.50.

Read Our Latest Research Report on Autoliv

Autoliv Stock Performance

Autoliv stock traded down $5.72 during midday trading on Tuesday, hitting $121.17. 1,210,935 shares of the company were exchanged, compared to its average volume of 546,751. Autoliv, Inc. has a fifty-two week low of $82.21 and a fifty-two week high of $129.38. The firm has a market capitalization of $9.86 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.65. The business has a fifty day simple moving average of $121.50 and a two-hundred day simple moving average of $113.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10.

Autoliv (NYSE:ALVGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. On average, sell-side analysts forecast that Autoliv, Inc. will post 9.82 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a yield of 2.24%. Autoliv’s payout ratio is 42.43%.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the transaction, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Autoliv Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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