Autoliv, Inc. (NYSE:ALV) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in Autoliv, Inc. (NYSE:ALV) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,038 shares of the auto parts company’s stock after selling 113 shares during the period. New York Life Investment Management LLC’s holdings in Autoliv were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Wahed Invest LLC raised its position in shares of Autoliv by 8.5% during the 3rd quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after acquiring an additional 105 shares in the last quarter. Rise Advisors LLC raised its position in shares of Autoliv by 84.1% during 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. Victory Capital Management Inc. raised its position in shares of Autoliv by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 14,656 shares of the auto parts company’s stock worth $1,414,000 after acquiring an additional 282 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Autoliv by 1.0% during the 4th quarter. New York State Teachers Retirement System now owns 30,418 shares of the auto parts company’s stock worth $3,352,000 after acquiring an additional 304 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Autoliv by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 23,216 shares of the auto parts company’s stock worth $2,240,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the topic of several research analyst reports. StockNews.com raised Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Mizuho raised 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 raised their price target on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Finally, Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 12th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.90.

Insider Activity

In other news, VP Mikael Hagstrom sold 327 shares of the firm’s 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 completion of the sale, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Anthony J. Nellis sold 760 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at approximately $534,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction 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 directly owns 327 shares of the company’s stock, valued at $35,868.63. The disclosure for this sale can be found here. Insiders sold 7,606 shares of company stock valued at $835,205 in the last three months. 0.24% of the stock is currently owned by company insiders.

Autoliv Trading Up 0.4 %

Shares of ALV stock opened at $124.50 on Thursday. The business’s 50 day moving average is $119.33 and its two-hundred day moving average is $109.55. Autoliv, Inc. has a twelve month low of $79.66 and a twelve month high of $125.91. The company has a market capitalization of $10.13 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.77 and a beta of 1.70. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv Dividend Announcement

The firm 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 2.18%. Autoliv’s dividend payout ratio is currently 42.43%.

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.