Fox Run Management L.L.C. Takes Position in Autoliv Inc. (ALV)

Fox Run Management L.L.C. bought a new stake in Autoliv Inc. (NYSE:ALV) during the first quarter, Holdings Channel reports. The institutional investor bought 6,926 shares of the auto parts company’s stock, valued at approximately $708,000.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning increased its stake in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Autoliv by 0.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,096 shares of the auto parts company’s stock valued at $1,142,000 after buying an additional 85 shares during the period. Pacer Advisors Inc. increased its stake in Autoliv by 7.6% in the third quarter. Pacer Advisors Inc. now owns 1,754 shares of the auto parts company’s stock valued at $187,000 after buying an additional 124 shares during the period. Hsbc Holdings PLC increased its stake in Autoliv by 0.4% in the third quarter. Hsbc Holdings PLC now owns 36,244 shares of the auto parts company’s stock valued at $3,870,000 after buying an additional 142 shares during the period. Finally, Hatteras Funds LP increased its stake in Autoliv by 7.0% in the fourth quarter. Hatteras Funds LP now owns 2,460 shares of the auto parts company’s stock valued at $278,000 after buying an additional 160 shares during the period. 32.01% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

Autoliv Inc. (NYSE:ALV) traded up 0.6471% during mid-day trading on Wednesday, reaching $98.0001. The company had a trading volume of 115,692 shares. Autoliv Inc. has a 52 week low of $93.31 and a 52 week high of $126.31. The stock’s 50-day moving average price is $101.24 and its 200 day moving average price is $104.65. The firm has a market capitalization of $8.65 billion, a PE ratio of 15.2648 and a beta of 1.17.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Thursday, February 2nd. The auto parts company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by $0.13. Autoliv had a net margin of 5.59% and a return on equity of 14.99%. The business earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. Autoliv’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Autoliv Inc. will post $6.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 17th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Monday, May 15th. This is a positive change from Autoliv’s previous quarterly dividend of $0.58. Autoliv’s payout ratio is currently 36.14%.

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Several research firms have commented on ALV. Jefferies Group LLC downgraded Autoliv from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, January 19th. They noted that the move was a valuation call. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, December 27th. KeyCorp raised Autoliv from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Wednesday, February 8th. Mizuho began coverage on Autoliv in a report on Thursday, March 2nd. They issued a “neutral” rating and a $115.00 target price on the stock. Finally, Sanford C. Bernstein began coverage on Autoliv in a report on Monday, March 13th. They issued an “underperform” rating and a $85.00 target price on the stock. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $105.29.

In related news, insider Johan Lofvenholm sold 281 shares of Autoliv stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $105.13, for a total value of $29,541.53. Following the completion of the transaction, the insider now owns 2,757 shares in the company, valued at approximately $289,843.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 1,576 shares of company stock valued at $165,527. 0.27% of the stock is owned by company insiders.

About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

5 Day Chart for NYSE:ALV

Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv Inc. (NYSE:ALV).

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