Sumitomo Mitsui Trust Holdings Inc. Sells 5,521 Shares of Autoliv, Inc. (NYSE:ALV)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 13.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,622 shares of the auto parts company’s stock after selling 5,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Autoliv were worth $3,925,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in Autoliv during the fourth quarter valued at $2,314,000. New York Life Investment Management LLC boosted its stake in Autoliv by 90.3% during the third quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock valued at $786,000 after buying an additional 3,867 shares during the period. Versor Investments LP boosted its stake in Autoliv by 43.5% during the third quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock valued at $796,000 after buying an additional 2,501 shares during the period. CI Investments Inc. lifted its stake in Autoliv by 2.8% during the third quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock worth $22,307,000 after purchasing an additional 6,394 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Autoliv by 6.7% during the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after purchasing an additional 133,746 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Insider Activity at Autoliv

In related news, insider Colin Naughton sold 782 shares of the business’s stock in a transaction dated 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 approximately $619,143.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Autoliv news, insider Colin Naughton sold 782 shares of the company’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 transaction of $86,551.76. Following the transaction, the insider now owns 5,594 shares in the company, valued at approximately $619,143.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total value of $144,887.74. Following the transaction, the chief financial officer now owns 5,458 shares in the company, valued at approximately $599,997.94. The disclosure for this sale can be found here. Insiders have sold a total of 8,388 shares of company stock worth $921,757 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Autoliv Stock Up 0.6 %

ALV opened at $117.99 on Wednesday. Autoliv, Inc. has a 12 month low of $79.66 and a 12 month high of $124.38. The company has a market cap of $9.61 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.76 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $117.08 and its 200-day moving average price is $107.46.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the business earned $1.83 EPS. Autoliv’s revenue was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Autoliv, Inc. will post 9.68 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.31%. Autoliv’s dividend payout ratio is presently 47.30%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALV. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Mizuho lifted their price target on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Barclays lifted their price target on Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.82.

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.