Russell Investments Group Ltd. Sells 34,021 Shares of Autoliv, Inc. (NYSE:ALV)

Russell Investments Group Ltd. lowered its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,380 shares of the auto parts company's stock after selling 34,021 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Autoliv worth $29,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp acquired a new position in shares of Autoliv in the 4th quarter valued at about $212,000. NewSquare Capital LLC increased its stake in shares of Autoliv by 3.8% in the fourth quarter. NewSquare Capital LLC now owns 40,180 shares of the auto parts company's stock valued at $4,427,000 after purchasing an additional 1,455 shares during the period. Duality Advisers LP acquired a new stake in Autoliv in the 4th quarter valued at approximately $450,000. Foundry Partners LLC acquired a new stake in Autoliv in the fourth quarter worth about $15,165,000. Finally, abrdn plc raised its holdings in Autoliv by 83.6% during the fourth quarter. abrdn plc now owns 25,033 shares of the auto parts company's stock worth $2,758,000 after purchasing an additional 11,402 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Activity at Autoliv

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Colin Naughton sold 782 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the transaction, the insider now owns 5,594 shares in the company, valued at approximately $619,143.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mikael Hagstrom sold 327 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares of the company's stock, valued at approximately $35,868.63. The disclosure for this sale can be found here. Insiders sold 8,388 shares of company stock worth $921,757 in the last ninety days. 0.24% of the stock is owned by company insiders.

Autoliv Stock Up 0.6 %

Shares of NYSE ALV traded up $0.70 during trading hours on Wednesday, hitting $120.49. The company had a trading volume of 454,792 shares, compared to its average volume of 549,761. Autoliv, Inc. has a 1-year low of $79.66 and a 1-year high of $125.91. The stock has a market capitalization of $9.81 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.72. The firm's 50 day moving average is $118.33 and its 200-day moving average is $108.53. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 annualized dividend and a yield of 2.26%. Autoliv's dividend payout ratio is currently 42.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALV shares. Wells Fargo & Company raised their target price on shares of Autoliv from $126.00 to $128.00 and gave the stock an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. increased their target price on Autoliv from $117.00 to $129.00 and gave the company a "neutral" rating in a report on Monday, April 22nd. Wolfe Research downgraded shares of Autoliv from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 4th. StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research report on Saturday, January 20th. Finally, Berenberg Bank upgraded shares of Autoliv from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $125.90.

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.