Price T Rowe Associates Inc. MD Sells 41,196 Shares of Autoliv, Inc. (NYSE:ALV)

Price T Rowe Associates Inc. MD trimmed its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,679 shares of the auto parts company's stock after selling 41,196 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.17% of Autoliv worth $12,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ALV. JPMorgan Chase & Co. boosted its stake in shares of Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock worth $25,800,000 after acquiring an additional 76,510 shares in the last quarter. Lancaster Investment Management lifted its holdings in shares of Autoliv by 17.7% during the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company's stock valued at $53,350,000 after purchasing an additional 85,732 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Autoliv in the 4th quarter valued at $394,000. Barclays PLC increased its stake in Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock worth $2,821,000 after purchasing an additional 8,859 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in Autoliv during the 4th quarter worth about $326,000. Institutional investors own 69.57% of the company's stock.

Insider Transactions at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction 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 approximately $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at approximately $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company's stock.

Autoliv Stock Performance

Autoliv stock traded down $1.18 during mid-day trading on Tuesday, hitting $93.36. 440,902 shares of the company's stock traded hands, compared to its average volume of 815,254. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $89.37 and a two-hundred day simple moving average of $94.11. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.73 and a beta of 1.35.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The business had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm posted $1.58 EPS. On average, research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 3.00%. Autoliv's payout ratio is 32.22%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALV. Pareto Securities downgraded Autoliv to a "hold" rating in a report on Monday, February 3rd. HSBC downgraded Autoliv from a "buy" rating to a "hold" rating and dropped their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. TD Cowen began coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, Mizuho decreased their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Autoliv has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Autoliv 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.