UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Autoliv, Inc. (NYSE:ALV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 17.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 169,548 shares of the auto parts company's stock after selling 36,639 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Autoliv worth $15,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings 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 worth $235,000 after buying an additional 124 shares during the last quarter. US Bancorp DE lifted its holdings in Autoliv by 3.5% during the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after purchasing an additional 130 shares during the last quarter. AlphaQuest LLC lifted its holdings in Autoliv by 74.4% during 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. Deutsche Bank AG lifted its holdings in Autoliv by 2.3% during the fourth quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company's stock valued at $552,000 after purchasing an additional 135 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Autoliv by 0.6% during the fourth quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company's stock valued at $2,213,000 after purchasing an additional 136 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of ALV stock traded down $1.84 during trading on Friday, hitting $102.81. The company had a trading volume of 690,650 shares, compared to its average volume of 820,548. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average is $92.19 and its two-hundred day moving average is $94.65. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $128.66.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43. The company had revenue of $2.58 billion for the quarter, compared to analysts' expectations 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 prior year, the business earned $1.58 earnings per share. As a group, analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, May 21st. Autoliv's dividend payout ratio (DPR) is 32.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALV shares. Robert W. Baird dropped their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. 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. Cowen started coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating on the stock. Barclays upped their price objective on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Pareto Securities downgraded shares of Autoliv to a "hold" rating in a report on Monday, February 3rd. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $114.00.

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.