Bank of America Corp DE Grows Stake in Autoliv, Inc. (NYSE:ALV)

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

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

Autoliv Stock Performance

Autoliv stock traded up $3.25 during mid-day trading on Tuesday, reaching $104.04. The company's stock had a trading volume of 644,821 shares, compared to its average volume of 821,558. The firm's fifty day moving average price is $91.47 and its two-hundred day moving average price is $94.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38. The company has a market capitalization of $8.04 billion, a P/E ratio of 12.89, a PEG ratio of 0.73 and a beta of 1.36.

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

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Wednesday, May 21st. Autoliv's payout ratio is 32.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. TD Cowen initiated coverage on Autoliv in a research note on Friday, March 7th. They set a "buy" rating and a $116.00 price target on the stock. Mizuho boosted their price target on Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price objective for the company in a report on Friday, May 9th. Finally, Barclays lifted their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $115.29.

Autoliv 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.