Ameriprise Financial Inc. Trims Holdings in Autoliv, Inc. (NYSE:ALV)

Ameriprise Financial Inc. lowered its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,425 shares of the auto parts company's stock after selling 2,500 shares during the quarter. Ameriprise Financial Inc. owned about 0.11% of Autoliv worth $7,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALV. FMR LLC increased its stake in shares of Autoliv by 9.9% during the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after acquiring an additional 641,895 shares during the last quarter. Norges Bank purchased a new stake in shares of Autoliv during the 4th quarter worth about $36,761,000. FIL Ltd grew its holdings in shares of 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 purchasing an additional 351,876 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Autoliv by 67.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock worth $65,840,000 after purchasing an additional 284,002 shares during the period. Finally, Park West Asset Management LLC grew its holdings in shares of Autoliv by 56.3% during the 4th quarter. Park West Asset Management LLC now owns 625,000 shares of the auto parts company's stock worth $58,619,000 after purchasing an additional 225,000 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. HSBC cut 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 report on Tuesday, February 4th. TD Cowen assumed coverage on Autoliv in a report on Friday, March 7th. They set a "buy" rating and a $116.00 target price for the company. BNP Paribas Exane upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a report on Friday, May 9th. BNP Paribas upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Pareto Securities cut Autoliv to a "hold" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.29.

Autoliv Stock Up 3.2%

Shares of Autoliv stock traded up $3.25 on Tuesday, hitting $104.04. 644,821 shares of the company's stock traded hands, compared to its average volume of 821,558. The stock has a market cap of $8.04 billion, a P/E ratio of 12.89, 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. The firm's 50-day moving average is $91.47 and its 200 day moving average is $94.54. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results 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 company had revenue of $2.58 billion during 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 in the prior year, the business posted $1.58 EPS. Equities analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, May 21st. Autoliv's dividend payout ratio (DPR) is currently 32.22%.

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.