Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 454,610 shares of the auto parts company’s stock after buying an additional 15,257 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autoliv were worth $50,093,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wahed Invest LLC raised its stake in Autoliv by 8.5% in the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock valued at $129,000 after buying an additional 105 shares during the last quarter. Prospera Financial Services Inc raised its stake in Autoliv by 3.8% in the first quarter. Prospera Financial Services Inc now owns 3,229 shares of the auto parts company’s stock valued at $301,000 after buying an additional 118 shares during the last quarter. Rise Advisors LLC raised its stake in Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Autoliv by 7.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,092 shares of the auto parts company’s stock valued at $236,000 after buying an additional 217 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Autoliv by 12.8% in the second quarter. Captrust Financial Advisors now owns 2,128 shares of the auto parts company’s stock valued at $152,000 after purchasing an additional 241 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Colin Naughton sold 782 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total value of $86,551.76. Following the transaction, the insider now owns 5,594 shares in the company, valued at $619,143.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Colin Naughton sold 782 shares of Autoliv stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the transaction, the insider now owns 5,594 shares in the company, valued at $619,143.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mikael Hagstrom sold 327 shares of Autoliv 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 owns 327 shares in the company, valued at approximately $35,868.63. The disclosure for this sale can be found here. Insiders have sold a total of 8,388 shares of company stock worth $921,757 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALV. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Barclays increased their price objective on Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Mizuho increased their price objective on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 25th. Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Finally, Wells Fargo & Company raised their target price on Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Autoliv has a consensus rating of “Hold” and a consensus price target of $115.18.

Autoliv Stock Down 0.2 %

Shares of ALV opened at $115.61 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. Autoliv, Inc. has a 12 month low of $79.66 and a 12 month high of $124.38. The stock’s 50 day moving average is $116.62 and its two-hundred day moving average is $106.85. The firm has a market cap of $9.42 billion, a P/E ratio of 20.11, a PEG ratio of 0.75 and a beta of 1.72.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. Autoliv’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. Analysts predict that Autoliv, Inc. will post 9.7 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were given a $0.68 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.35%. Autoliv’s dividend payout ratio (DPR) is presently 47.30%.

Autoliv 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.