Physician Wealth Advisors Inc. Buys New Holdings in Autoliv, Inc. (NYSE:ALV)

Physician Wealth Advisors Inc. purchased a new stake in Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 607 shares of the auto parts company’s stock, valued at approximately $57,000.

Several other hedge funds also recently made changes to their positions in ALV. UMB Bank n.a. grew its holdings in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC lifted its position in Autoliv by 74.4% during the fourth 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 acquired a new position in shares of Autoliv during the 3rd quarter valued at $45,000. Twin Tree Management LP acquired a new stake in shares of Autoliv in the fourth quarter valued at about $50,000. Finally, CIBC Asset Management Inc raised its stake in shares of Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now owns 23,307 shares of the company’s stock, valued at $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by insiders.

Autoliv Stock Down 0.9 %

NYSE ALV opened at $88.45 on Tuesday. Autoliv, Inc. has a 12 month low of $87.55 and a 12 month high of $129.38. The company’s 50 day simple moving average is $95.30 and its 200 day simple moving average is $95.57. The company has a market capitalization of $6.85 billion, a P/E ratio of 10.96, a PEG ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating 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%. Equities research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.17%. Autoliv’s dividend payout ratio is currently 34.70%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALV. TD Cowen initiated coverage on Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 target price on the stock. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They set a “buy” rating on the stock. Pareto Securities downgraded shares of Autoliv to a “hold” rating in a research report on Monday, February 3rd. HSBC cut shares of Autoliv from a “buy” rating to a “hold” rating and cut their price target for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.14.

About Autoliv

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.