Swiss National Bank Trims Holdings in Autoliv, Inc. (NYSE:ALV)

Swiss National Bank reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 12.2% in the fourth quarter, HoldingsChannel reports. The fund owned 157,500 shares of the auto parts company’s stock after selling 21,800 shares during the period. Swiss National Bank’s holdings in Autoliv were worth $17,355,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC grew its stake in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the last quarter. Fifth Third Bancorp increased its stake in Autoliv by 269.5% during the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock valued at $84,000 after purchasing an additional 636 shares in the last quarter. Wahed Invest LLC increased its stake in Autoliv by 8.5% during the 3rd quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock valued at $129,000 after purchasing an additional 105 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in Autoliv by 32.7% in the third quarter. Platinum Investment Management Ltd. now owns 1,816 shares of the auto parts company’s stock worth $175,000 after buying an additional 448 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Autoliv in the fourth quarter worth approximately $205,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE ALV opened at $125.01 on Friday. The company has a 50-day moving average price of $119.51 and a 200-day moving average price of $109.66. Autoliv, Inc. has a 52 week low of $79.66 and a 52 week high of $125.91. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $10.17 billion, a P/E ratio of 19.50, a PEG ratio of 0.77 and a beta of 1.70.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.18%. Autoliv’s dividend payout ratio is currently 42.43%.

Insiders Place Their Bets

In other news, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the sale, the chief financial officer now owns 5,458 shares of the company’s stock, valued at approximately $599,997.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Mikael Bratt sold 4,226 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,606 shares of company stock worth $835,205. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALV. Berenberg Bank raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 12th. JPMorgan Chase & Co. boosted 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 upped their price target on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 25th. Barclays lifted their price objective on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Finally, StockNews.com upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

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.