ABS Direct Equity Fund LLC Acquires Shares of 11,554 Autoliv, Inc. (NYSE:ALV)

ABS Direct Equity Fund LLC purchased a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,554 shares of the auto parts company's stock, valued at approximately $1,273,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Benjamin F. Edwards & Company Inc. acquired a new stake in Autoliv during the fourth quarter worth about $27,000. Rise Advisors LLC increased its holdings in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 122 shares during the last quarter. Fifth Third Bancorp increased its stake in Autoliv by 269.5% during the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company's stock valued at $84,000 after purchasing an additional 636 shares during the last quarter. Wahed Invest LLC raised its stake in Autoliv by 8.5% during the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company's stock worth $129,000 after acquiring an additional 105 shares during the period. Finally, Platinum Investment Management Ltd. boosted its position in Autoliv by 32.7% during the 3rd quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company's stock valued at $175,000 after purchasing an additional 448 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Performance

Shares of NYSE:ALV traded down $0.42 on Friday, reaching $121.38. 606,869 shares of the company's stock were exchanged, compared to its average volume of 559,335. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.77 and a beta of 1.69. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average of $118.72 and a 200-day moving average of $109.02. Autoliv, Inc. has a twelve month low of $79.66 and a twelve month high of $125.91.

Autoliv Dividend Announcement

The business also recently announced 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 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 (DPR) is currently 42.43%.

Analyst Upgrades and Downgrades

Several research firms have commented on ALV. JPMorgan Chase & Co. raised their target price on shares of Autoliv from $117.00 to $129.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. Robert W. Baird raised their price objective on shares of Autoliv from $133.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, April 29th. Bank of America upped their price target on Autoliv from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. Wells Fargo & Company lifted 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, April 29th. Finally, Berenberg Bank raised Autoliv from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Friday, January 12th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and an average target price of $125.90.

Insider Buying and Selling at Autoliv

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the sale, the executive vice president now owns 4,859 shares in the company, valued at approximately $534,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now directly owns 4,859 shares of the company's stock, valued at $534,490. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mikael Hagstrom sold 327 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the transaction, the vice president now directly owns 327 shares in the company, valued at $35,868.63. The disclosure for this sale can be found here. Insiders have sold 7,606 shares of company stock worth $835,205 over the last quarter. Corporate insiders own 0.20% of the company's stock.

About Autoliv

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.