Millennium Management LLC Sells 206,925 Shares of Autoliv, Inc. (NYSE:ALV)

Millennium Management LLC decreased its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,820 shares of the auto parts company's stock after selling 206,925 shares during the period. Millennium Management LLC owned 0.28% of Autoliv worth $20,711,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ALV. FMR LLC raised its position in Autoliv by 9.9% in the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after acquiring an additional 641,895 shares during the period. Norges Bank bought a new stake in Autoliv in the fourth quarter worth about $36,761,000. FIL Ltd raised its position in Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock worth $223,433,000 after acquiring an additional 351,876 shares during the period. Massachusetts Financial Services Co. MA raised its position in Autoliv by 67.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock worth $65,840,000 after acquiring an additional 284,002 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Autoliv in the fourth quarter worth about $25,749,000. Institutional investors own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

ALV has been the topic of several research reports. Mizuho boosted their price target on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Wall Street Zen raised shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Hsbc Global Res lowered shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Friday, May 9th. 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 stock. According to MarketBeat.com, Autoliv currently has an average rating of "Moderate Buy" and a consensus price target of $115.29.

Autoliv Price Performance

NYSE:ALV traded up $0.21 during mid-day trading on Monday, hitting $100.83. 587,916 shares of the stock traded hands, compared to its average volume of 822,268. The business's 50-day moving average price is $91.20 and its 200 day moving average price is $94.48. The company has a market cap of $7.79 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38. 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 released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The business had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the company earned $1.58 EPS. On average, analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 2.78%. Autoliv's dividend payout ratio is presently 32.22%.

Insiders Place Their Bets

In other news, CFO Fredrik Westin sold 1,803 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the sale, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. The trade was a 19.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now owns 23,307 shares of the company's stock, valued at approximately $2,305,062.30. The trade was a 19.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock valued at $915,534 in the last quarter. Corporate insiders own 0.20% of the company's stock.

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.