Chase Investment Counsel Corp Takes $2.47 Million Position in Autoliv, Inc. (NYSE:ALV)

Chase Investment Counsel Corp purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,405 shares of the auto parts company's stock, valued at approximately $2,468,000.

Several other institutional investors have also bought and sold shares of the business. FMR LLC increased its position in shares of Autoliv by 9.6% during the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company's stock valued at $507,961,000 after purchasing an additional 459,147 shares during the last quarter. Vanguard Group Inc. increased its position in Autoliv by 6.7% during the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company's stock valued at $206,103,000 after acquiring an additional 133,746 shares during the last quarter. Invesco Ltd. raised its stake in shares of Autoliv by 30.3% in the third quarter. Invesco Ltd. now owns 519,924 shares of the auto parts company's stock valued at $50,162,000 after acquiring an additional 121,025 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Autoliv by 183.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 487,586 shares of the auto parts company's stock worth $47,042,000 after acquiring an additional 315,668 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Autoliv by 3.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 454,610 shares of the auto parts company's stock worth $50,093,000 after purchasing an additional 15,257 shares during the period. Institutional investors own 69.57% of the company's stock.

Insider Transactions at Autoliv

In related news, CFO Fredrik Westin sold 1,318 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the sale, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Fredrik Westin sold 1,318 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the transaction, the chief financial officer now owns 5,458 shares in the company, valued at approximately $599,997.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Colin Naughton sold 782 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now directly owns 5,594 shares of the company's stock, valued at approximately $619,143.92. The disclosure for this sale can be found here. In the last three months, insiders sold 8,388 shares of company stock valued at $921,757. Corporate insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

ALV has been the topic of a number of recent analyst reports. Berenberg Bank raised shares of Autoliv from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Friday, January 12th. Barclays increased their price target on Autoliv from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Monday. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a report on Saturday, January 20th. Robert W. Baird upped their price objective on Autoliv from $133.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Bank of America lifted their target price on Autoliv from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $125.90.

Autoliv Stock Down 0.9 %

NYSE ALV traded down $1.05 during trading on Monday, reaching $121.24. 810,515 shares of the company's stock traded hands, compared to its average volume of 548,605. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $125.91. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72. The company's 50 day simple moving average is $117.74 and its two-hundred day simple moving average is $108.09.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.37 by $0.37. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The company's quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $1.83 earnings per share. As a group, sell-side analysts forecast that Autoliv, Inc. will post 9.67 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.24%. Autoliv's dividend payout ratio is presently 42.43%.

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.