CANADA LIFE ASSURANCE Co Has $6.06 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

CANADA LIFE ASSURANCE Co boosted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,720 shares of the auto parts company's stock after buying an additional 7,706 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Autoliv worth $6,064,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FMR LLC increased its position in shares of Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after purchasing an additional 641,895 shares during the period. Norges Bank acquired a new position in Autoliv during the fourth quarter worth $36,761,000. FIL Ltd lifted its holdings in shares of Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after acquiring an additional 351,876 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Autoliv by 67.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock valued at $65,840,000 after purchasing an additional 284,002 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Autoliv by 69.3% in the 4th quarter. LSV Asset Management now owns 321,080 shares of the auto parts company's stock worth $30,114,000 after purchasing an additional 131,480 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

Shares of NYSE ALV traded up $0.15 during midday trading on Tuesday, hitting $92.26. 76,980 shares of the company's stock were exchanged, compared to its average volume of 815,030. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company's 50 day moving average price is $89.84 and its 200 day moving average price is $94.15. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.13 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47.

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

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv's dividend payout ratio is presently 32.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company cut their price objective 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. Cowen started coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating on the stock. TD Cowen began coverage on shares of Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 price target for the company. Hsbc Global Res lowered Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. Seven equities research 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's stock. Based on data from MarketBeat, Autoliv has a consensus rating of "Moderate Buy" and an average target price of $112.00.

Insider Activity

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the company'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 $720,218.59. This represents a 19.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is owned by insiders.

Autoliv Company 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.