Handelsbanken Fonder AB Sells 2,000 Shares of Autoliv, Inc. (NYSE:ALV)

Handelsbanken Fonder AB reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 11.3% in the 4th quarter, Holdings Channel reports. The firm owned 15,700 shares of the auto parts company’s stock after selling 2,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Autoliv were worth $1,730,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Rise Advisors LLC raised its position in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Autoliv by 269.5% in the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock valued at $84,000 after buying an additional 636 shares during the period. Wahed Invest LLC grew its stake in shares of Autoliv by 8.5% in the 3rd 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 period. Platinum Investment Management Ltd. grew its stake in shares of Autoliv by 32.7% in the 3rd quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company’s stock valued at $175,000 after buying an additional 448 shares during the period. Finally, Mutual Advisors LLC acquired a new stake in shares of Autoliv in the 4th quarter valued at about $205,000. 69.57% of the stock is owned by institutional investors.

Insider Transactions at Autoliv

In other news, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were 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 of the company’s stock, valued at $599,997.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total value of $144,887.74. Following the completion of the transaction, the chief financial officer now directly owns 5,458 shares in the company, valued at $599,997.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the transaction, the vice president now owns 327 shares of the company’s stock, valued at $35,868.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,388 shares of company stock valued at $921,757. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALV has been the subject of several research reports. Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, January 12th. Wells Fargo & Company lifted their price target on Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Finally, JPMorgan Chase & Co. lifted their price target on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.60.

Autoliv Trading Up 5.6 %

Shares of ALV stock opened at $122.29 on Friday. The company’s fifty day simple moving average is $117.74 and its two-hundred day simple moving average is $107.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73. Autoliv, Inc. has a 1 year low of $79.66 and a 1 year high of $125.91. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.77 and a beta of 1.72.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. As a group, analysts anticipate that Autoliv, Inc. will post 9.67 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.22%. Autoliv’s payout ratio is currently 47.30%.

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.