Hsbc Holdings PLC Trims Position in Autoliv, Inc. (NYSE:ALV)

Hsbc Holdings PLC cut its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 78.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,241 shares of the auto parts company's stock after selling 19,314 shares during the period. Hsbc Holdings PLC's holdings in Autoliv were worth $490,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ALV. Barclays PLC boosted its position in Autoliv by 41.5% during the third 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 during the period. JPMorgan Chase & Co. increased its holdings in Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock valued at $25,800,000 after buying an additional 76,510 shares during the period. Legend Financial Advisors Inc. lifted its holdings in shares of Autoliv by 1.8% during the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after acquiring an additional 115 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Autoliv by 3.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company's stock valued at $391,000 after purchasing an additional 140 shares in the last quarter. Finally, UMB Bank n.a. grew its position 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 acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Activity

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares of the company's stock, valued at approximately $607,013.86. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at $720,218.59. This trade represents a 19.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company's stock.

Autoliv Price Performance

Shares of ALV stock traded up $3.29 on Monday, reaching $101.25. The company's stock had a trading volume of 141,746 shares, compared to its average volume of 816,558. The stock's 50 day simple moving average is $89.33 and its 200-day simple moving average is $94.07. The company has a market capitalization of $7.83 billion, a P/E ratio of 12.54, a PEG ratio of 0.73 and a beta of 1.36. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38.

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

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.77%. Autoliv's dividend payout ratio is currently 32.22%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALV shares. HSBC cut shares of Autoliv from a "buy" rating to a "hold" rating and decreased their target price for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Mizuho cut their price target on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Cowen started coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Barclays lifted 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, Robert W. Baird cut their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $112.79.

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.