Autoliv, Inc. (NYSE:ALV) Shares Sold by Covalis Capital LLP

Covalis Capital LLP trimmed its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 61.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,288 shares of the auto parts company's stock after selling 185,899 shares during the quarter. Autoliv accounts for approximately 1.6% of Covalis Capital LLP's investment portfolio, making the stock its 24th biggest holding. Covalis Capital LLP owned 0.15% of Autoliv worth $11,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. UMB Bank n.a. boosted its stake in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC grew its stake in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP acquired a new stake in Autoliv in the 4th quarter valued at about $50,000. Physician Wealth Advisors Inc. purchased a new position in Autoliv in the 4th quarter worth approximately $57,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Buying and Selling at Autoliv

In related news, insider Magnus Jarlegren sold 1,289 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the transaction, the insider now owns 6,142 shares in the company, valued at $607,013.86. The trade was a 17.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 7,261 shares of the company's stock, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock worth $915,534. 0.30% of the stock is owned by company insiders.

Autoliv Stock Performance

Shares of ALV stock traded up $2.75 during mid-day trading on Thursday, hitting $91.66. 348,004 shares of the stock were exchanged, compared to its average volume of 923,939. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.73 and a beta of 1.47. The stock's fifty day simple moving average is $90.28 and its two-hundred day simple moving average is $94.20.

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

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv's payout ratio is currently 32.22%.

Analyst Ratings Changes

ALV has been the topic of a number of analyst reports. Daiwa Capital Markets raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a research note on Tuesday, January 7th. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Mizuho dropped their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Cowen began coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.00.

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.