Zurcher Kantonalbank Zurich Cantonalbank Acquires 15,257 Shares of Autoliv, Inc. (NYSE:ALV)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,610 shares of the auto parts company's stock after acquiring an additional 15,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.54% of Autoliv worth $50,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Autoliv by 188.9% in the first quarter. BlackRock Inc. now owns 5,468,058 shares of the auto parts company's stock worth $510,498,000 after purchasing an additional 3,575,146 shares during the period. State Street Corp increased its holdings in shares of Autoliv by 185.3% in the first quarter. State Street Corp now owns 1,455,700 shares of the auto parts company's stock worth $135,904,000 after purchasing an additional 945,517 shares during the period. Norges Bank bought a new position in shares of Autoliv in the fourth quarter worth $67,916,000. Millennium Management LLC increased its holdings in shares of Autoliv by 292.3% in the fourth quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company's stock worth $87,794,000 after purchasing an additional 854,212 shares during the period. Finally, FMR LLC increased its holdings in shares of Autoliv by 9.6% in the third quarter. FMR LLC now owns 5,264,937 shares of the auto parts company's stock worth $507,961,000 after purchasing an additional 459,147 shares during the period. Institutional investors own 69.57% of the company's stock.

Insider Transactions at Autoliv

In other news, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Fredrik Westin sold 1,318 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the sale, the chief financial officer now owns 5,458 shares of the company's stock, valued at $599,997.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,388 shares of company stock worth $921,757. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

ALV has been the subject of several research reports. Wells Fargo & Company upped their target price on shares of Autoliv from $101.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Berenberg Bank upgraded shares of Autoliv from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, January 12th. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Saturday, January 20th. Mizuho upped their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, March 25th. Finally, Wolfe Research lowered shares of Autoliv from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $115.18.

Autoliv Trading Up 0.0 %

NYSE ALV traded up $0.03 during trading on Wednesday, hitting $115.64. 469,355 shares of the company's stock traded hands, compared to its average volume of 529,430. The stock has a fifty day moving average of $116.76 and a two-hundred day moving average of $106.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $124.38. The firm has a market cap of $9.42 billion, a P/E ratio of 20.11, a PEG ratio of 0.75 and a beta of 1.72.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The company's revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.7 EPS for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.35%. Autoliv's dividend payout ratio is currently 47.30%.

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.