Bank of America Corp DE Boosts Stock Position in Autoliv, Inc. (NYSE:ALV)

Bank of America Corp DE raised its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,934 shares of the auto parts company's stock after purchasing an additional 42,150 shares during the quarter. Bank of America Corp DE owned 0.19% of Autoliv worth $13,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ALV. UMB Bank n.a. increased its stake in shares of 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 lifted its stake in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Twin Tree Management LP bought a new position in Autoliv during the fourth quarter valued at $50,000. Physician Wealth Advisors Inc. bought a new position in Autoliv during the fourth quarter valued at $57,000. Finally, CIBC Asset Management Inc increased its position in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after buying an additional 124 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Magnus Jarlegren sold 1,289 shares of the 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 transaction, the insider now owns 6,142 shares of the company's stock, valued at $607,013.86. This represents a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Fredrik Westin sold 1,803 shares of the firm's stock in a transaction 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 owns 7,261 shares in the company, valued at approximately $720,218.59. This trade represents a 19.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALV shares. BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on Autoliv from $82.00 to $100.00 and gave the company an "equal weight" rating in a research note on Monday. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price objective on the stock in a report on Friday, May 9th. Hsbc Global Res downgraded shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, HSBC lowered shares of Autoliv from a "buy" rating to a "hold" rating and lowered their price target for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Six 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.29.

Autoliv Stock Performance

Autoliv stock opened at $100.50 on Thursday. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. 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 firm has a market capitalization of $7.77 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The firm's 50 day simple moving average is $90.55 and its 200 day simple moving average is $94.44.

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, beating analysts' consensus estimates of $1.72 by $0.43. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates 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 business earned $1.58 EPS. As a group, analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, May 21st. Autoliv's payout ratio is 32.22%.

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.

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