Price T Rowe Associates Inc. MD trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 24.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,679 shares of the auto parts company's stock after selling 41,196 shares during the period. Price T Rowe Associates Inc. MD owned 0.17% of Autoliv worth $12,257,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Autoliv by 9.9% during the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after acquiring an additional 641,895 shares during the last quarter. FIL Ltd lifted its holdings in Autoliv by 17.3% during the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock worth $223,433,000 after buying an additional 351,876 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company's stock valued at $152,275,000 after acquiring an additional 134,347 shares during the period. Mondrian Investment Partners LTD boosted its holdings in Autoliv by 4.5% in the fourth quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock valued at $133,259,000 after acquiring an additional 59,592 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Autoliv by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company's stock worth $96,035,000 after purchasing an additional 113,500 shares during the last quarter. Institutional investors own 69.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on ALV shares. Pareto Securities lowered shares of Autoliv to a "hold" rating in a report on Monday, February 3rd. Mizuho dropped their price objective on Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company decreased their target price on Autoliv from $84.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Barclays increased their price target on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Hsbc Global Res lowered shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and an average target price of $112.00.
Read Our Latest Research Report on ALV
Autoliv Stock Up 1.1 %
Shares of NYSE ALV traded up $1.03 during midday trading on Thursday, reaching $94.73. The company's stock had a trading volume of 71,545 shares, compared to its average volume of 812,738. The stock has a 50 day simple moving average of $89.23 and a 200-day simple moving average of $94.10. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38.
Autoliv (NYSE:ALV - Get Free Report) last posted 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 firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. Equities research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.
Autoliv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv's payout ratio is currently 32.22%.
Insiders Place Their Bets
In related news, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the transaction, the chief executive officer now directly owns 23,307 shares of the company's stock, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the sale, the insider now directly owns 6,142 shares of the company's stock, valued at $607,013.86. This represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock valued at $915,534 over the last 90 days. 0.30% of the stock is currently owned by insiders.
Autoliv Company Profile
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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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