State of Tennessee Department of Treasury Reduces Position in Autoliv, Inc. (NYSE:ALV)

State of Tennessee Department of Treasury decreased its position in shares of Autoliv, Inc. (NYSE:ALV) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,150 shares of the auto parts company’s stock after selling 850 shares during the period. State of Tennessee Department of Treasury’s holdings in Autoliv were worth $2,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC grew its position in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 134 shares during the last quarter. Twin Tree Management LP acquired a new position in Autoliv in the fourth quarter valued at $50,000. Physician Wealth Advisors Inc. acquired a new position in Autoliv in the fourth quarter valued at $57,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Transactions at Autoliv

In related news, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares of the company’s stock, valued at $67,712.25. This trade represents a 36.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 in the last three months. Company insiders own 0.20% of the company’s stock.

Autoliv Stock Down 1.3 %

ALV stock opened at $91.04 on Monday. The company’s 50-day moving average price is $89.97 and its 200 day moving average price is $94.17. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a market cap of $7.04 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.73 and a beta of 1.47.

Autoliv (NYSE:ALV) last announced its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter in the previous year, the business posted $1.58 earnings per share. On average, research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio is currently 32.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ALV shares. Mizuho lowered their price target on Autoliv from $112.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lowered their target price on Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird cut their price target on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Barclays lifted their price objective on shares of Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Cowen began coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.