Fisher Asset Management LLC raised its holdings in shares of Autoliv, Inc. (NYSE:ALV – Get Rating) by 57.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,021 shares of the auto parts company’s stock after acquiring an additional 69,400 shares during the quarter. Fisher Asset Management LLC owned approximately 0.22% of Autoliv worth $14,628,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Autoliv by 52.5% in the 4th quarter. Signaturefd LLC now owns 526 shares of the auto parts company’s stock valued at $40,000 after buying an additional 181 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Autoliv in the 3rd quarter valued at approximately $69,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Autoliv in the 2nd quarter valued at approximately $72,000. Dupont Capital Management Corp bought a new stake in shares of Autoliv in the 3rd quarter valued at approximately $91,000. Finally, Acadian Asset Management LLC acquired a new stake in Autoliv in the 1st quarter worth approximately $122,000. Hedge funds and other institutional investors own 46.63% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ALV shares. Nordea Equity Research lowered Autoliv from a “buy” rating to a “sell” rating in a report on Tuesday, January 31st. Deutsche Bank Aktiengesellschaft reduced their target price on Autoliv from $113.00 to $110.00 in a report on Monday. The Goldman Sachs Group reduced their target price on Autoliv from $114.00 to $113.00 in a report on Monday. Wells Fargo & Company upped their price target on Autoliv from $81.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, January 30th. Finally, Citigroup cut their price target on Autoliv from $97.00 to $93.00 in a report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.25.
Insider Buying and Selling at Autoliv
In other Autoliv news, insider Colin Naughton sold 420 shares of the company’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $90.87, for a total value of $38,165.40. Following the sale, the insider now directly owns 4,809 shares in the company, valued at $436,993.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Colin Naughton sold 420 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $90.87, for a total transaction of $38,165.40. Following the sale, the insider now owns 4,809 shares in the company, valued at $436,993.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Magnus Jarlegren sold 402 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $91.66, for a total value of $36,847.32. Following the sale, the insider now owns 4,184 shares in the company, valued at approximately $383,505.44. The disclosure for this sale can be found here. Insiders have sold 2,865 shares of company stock worth $269,670 over the last three months. Company insiders own 0.20% of the company’s stock.
Autoliv Stock Performance
ALV opened at $86.75 on Tuesday. The stock has a market cap of $7.45 billion, a PE ratio of 18.15, a P/E/G ratio of 0.60 and a beta of 1.71. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. Autoliv, Inc. has a 1 year low of $65.74 and a 1 year high of $96.49. The stock’s 50 day simple moving average is $90.72 and its 200-day simple moving average is $84.96.
Autoliv (NYSE:ALV – Get Rating) last announced its quarterly earnings results on Friday, April 21st. The auto parts company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Autoliv had a return on equity of 14.84% and a net margin of 4.80%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts forecast that Autoliv, Inc. will post 6.44 EPS for the current year.
Autoliv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Wednesday, March 8th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, March 7th. Autoliv’s dividend payout ratio (DPR) is 55.23%.
About Autoliv
Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.