Swedbank AB Has $353.33 Million Stock Position in Autoliv, Inc. $ALV

Key Points

• Swedbank AB increased its stake in Autoliv by 14.4% to 2,976,700 shares (about 3.92% of the company) valued at approximately $353.33 million, while institutional investors own roughly 69.57% of the stock.
• Company insiders have been net sellers, disposing of 22,243 shares worth about $2.71 million in the last 90 days, leaving corporate insiders with only 0.34% ownership.
• Autoliv recently beat expectations with $2.05 EPS vs. $1.84 est. and $2.75B revenue vs. $2.61B est., pays a quarterly dividend of $0.87 (3.0% yield), and carries a consensus analyst rating of "Moderate Buy" with an average target of $134.25.

Swedbank AB grew its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 14.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,976,700 shares of the auto parts company's stock after buying an additional 375,454 shares during the period. Swedbank AB owned approximately 3.92% of Autoliv worth $353,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company's stock valued at $56,000 after buying an additional 89 shares during the period. IFP Advisors Inc boosted its stake in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock worth $25,000 after purchasing an additional 107 shares during the period. Fortem Financial Group LLC boosted its stake in Autoliv by 2.0% in the 3rd quarter. Fortem Financial Group LLC now owns 6,237 shares of the auto parts company's stock worth $770,000 after purchasing an additional 120 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Autoliv by 35.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 454 shares of the auto parts company's stock worth $56,000 after purchasing an additional 120 shares during the period. Finally, Legend Financial Advisors Inc. boosted its stake in Autoliv by 2.0% in the 3rd quarter. Legend Financial Advisors Inc. now owns 6,504 shares of the auto parts company's stock worth $803,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Activity at Autoliv

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares in the company, valued at $239,544.89. This represents a 39.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christian Swahn sold 1,478 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $180,360.34. Following the transaction, the executive vice president owned 5,314 shares of the company's stock, valued at approximately $648,467.42. This represents a 21.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,243 shares of company stock worth $2,713,735. Corporate insiders own 0.34% of the company's stock.

Autoliv Trading Up 2.5%

Autoliv stock opened at $117.50 on Wednesday. The firm has a 50-day moving average of $110.49 and a 200-day moving average of $117.52. Autoliv, Inc. has a one year low of $93.20 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.77 and a beta of 1.31.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $2.15 EPS. The company's quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts expect that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, March 4th. Autoliv's dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

ALV has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on shares of Autoliv from $119.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, April 20th. Wells Fargo & Company set a $116.00 target price on shares of Autoliv in a research note on Monday, April 20th. Barclays reduced their target price on shares of Autoliv from $140.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, March 30th. Royal Bank Of Canada upped their target price on shares of Autoliv from $137.00 to $138.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group lowered shares of Autoliv from a "buy" rating to a "hold" rating and reduced their target price for the stock from $150.00 to $120.00 in a research note on Tuesday, April 14th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $134.25.

About Autoliv

Autoliv Inc NYSE: ALV is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux's automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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