Swedbank AB Lowers Stock Holdings in Autoliv, Inc. $ALV

Swedbank AB lowered its stake in Autoliv, Inc. (NYSE:ALVFree Report) by 12.0% during the first quarter, HoldingsChannel reports. The firm owned 2,620,024 shares of the auto parts company’s stock after selling 356,676 shares during the quarter. Swedbank AB’s holdings in Autoliv were worth $275,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ALV. UMB Bank n.a. lifted its holdings in shares of Autoliv by 11.0% during the fourth quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 82 shares during the period. CIBC Private Wealth Group LLC increased its stake in Autoliv by 5.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock valued at $199,000 after buying an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Autoliv by 21.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after buying an additional 98 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Autoliv by 5.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock worth $214,000 after buying an additional 99 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director directly owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Autoliv Price Performance

Shares of ALV stock traded down $0.69 during midday trading on Tuesday, reaching $119.14. 87,939 shares of the company traded hands, compared to its average volume of 771,078. The firm’s 50 day simple moving average is $121.26 and its two-hundred day simple moving average is $118.58. The firm has a market cap of $8.92 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

Autoliv (NYSE:ALVGet Free Report) last released its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business posted $2.15 EPS. Autoliv’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s payout ratio is presently 37.42%.

Wall Street Analysts Forecast Growth

ALV has been the topic of several analyst reports. Barclays lowered their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a report on Monday, June 15th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen lowered their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Robert W. Baird boosted their target price on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $135.27.

View Our Latest Research Report on ALV

Autoliv Profile

(Free Report)

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

Featured Stories

Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv, Inc. (NYSE:ALVFree Report).

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.