Swedbank AB Has $353.33 Million Stock Position in Autoliv, Inc. $ALV

Swedbank AB boosted its position in Autoliv, Inc. (NYSE:ALV) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,976,700 shares of the auto parts company’s stock after purchasing an additional 375,454 shares during the period. Swedbank AB’s holdings in Autoliv were worth $353,334,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Torren Management LLC acquired a new stake in Autoliv in the 4th quarter valued at about $25,000. IFP Advisors Inc lifted its stake in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Autoliv in the 3rd quarter valued at about $32,000. Quarry LP acquired a new stake in Autoliv in the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. acquired a new stake in Autoliv in the 3rd quarter valued at about $37,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autoliv

In other Autoliv news, EVP Christian Swahn sold 1,478 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $180,360.34. Following the transaction, the executive vice president directly owned 5,314 shares of the company’s stock, valued at $648,467.42. This represents a 21.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. This represents a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,243 shares of company stock worth $2,713,735. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Wells Fargo & Company set a $116.00 target price on shares of Autoliv in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays cut their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Finally, Robert W. Baird raised their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.25.

Autoliv Stock Up 2.5%

Autoliv stock opened at $117.50 on Wednesday. The stock has a market cap of $8.80 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.77 and a beta of 1.31. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Autoliv, Inc. has a twelve month low of $93.20 and a twelve month high of $130.14. The company’s 50-day moving average price is $110.49 and its two-hundred day moving average price is $117.52.

Autoliv (NYSE:ALV) last released its quarterly earnings results 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. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 EPS. As a group, analysts expect that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, March 4th. Autoliv’s dividend payout ratio is currently 37.42%.

About Autoliv

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.