BNP Paribas Financial Markets Sells 64,052 Shares of Autoliv, Inc. (NYSE:ALV)

BNP Paribas Financial Markets cut its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 86.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,147 shares of the auto parts company's stock after selling 64,052 shares during the period. BNP Paribas Financial Markets' holdings in Autoliv were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 159 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Autoliv by 74.4% in 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 purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $50,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc lifted its position 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 in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Pareto Securities downgraded shares of Autoliv to a "hold" rating in a research report on Monday, February 3rd. Wall Street Zen upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. TD Cowen assumed coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a "buy" rating and a $116.00 price target for the company. Hsbc Global Res lowered shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Mizuho upped their price objective on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Autoliv presently has a consensus rating of "Moderate Buy" and an average price target of $115.29.

Autoliv Stock Up 3.2%

Shares of ALV traded up $3.25 during mid-day trading on Tuesday, hitting $104.04. 644,821 shares of the company's stock were exchanged, compared to its average volume of 821,558. The firm has a fifty day moving average of $91.47 and a two-hundred day moving average of $94.54. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $129.38. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 12.89, a P/E/G 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.

Autoliv (NYSE:ALV - Get Free Report) last announced 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. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $1.58 EPS. On average, sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.69%. Autoliv's dividend payout ratio (DPR) 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.