Wells Fargo & Company MN Lowers Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Wells Fargo & Company MN lowered its holdings in shares of Autoliv, Inc. (NYSE:ALVFree Report) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,710 shares of the auto parts company’s stock after selling 9,584 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of Autoliv worth $7,902,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALV. Victory Capital Management Inc. boosted its position in Autoliv by 2.0% during the third quarter. Victory Capital Management Inc. now owns 14,656 shares of the auto parts company’s stock worth $1,414,000 after purchasing an additional 282 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Autoliv by 90.3% in 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 acquiring an additional 3,867 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Autoliv by 15.3% in the third quarter. Avantax Advisory Services Inc. now owns 2,742 shares of the auto parts company’s stock valued at $265,000 after acquiring an additional 364 shares in the last quarter. Swiss National Bank lifted its position in shares of Autoliv by 1.0% in the third quarter. Swiss National Bank now owns 179,300 shares of the auto parts company’s stock valued at $17,299,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Autoliv by 33.4% in the third quarter. Janney Montgomery Scott LLC now owns 8,506 shares of the auto parts company’s stock valued at $820,000 after acquiring an additional 2,131 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE:ALV opened at $120.12 on Thursday. Autoliv, Inc. has a 52 week low of $82.21 and a 52 week high of $129.38. 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 company has a market capitalization of $9.78 billion, a P/E ratio of 18.74, a P/E/G ratio of 0.71 and a beta of 1.65. The stock’s fifty day moving average is $121.51 and its two-hundred day moving average is $113.52.

Autoliv (NYSE:ALVGet Free Report) last posted its earnings results on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Equities analysts expect that Autoliv, Inc. will post 9.82 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a yield of 2.26%. Autoliv’s dividend payout ratio is currently 42.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and raised their target price for the company from $102.00 to $141.00 in a research report on Tuesday, May 28th. Mizuho raised their target price on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. StockNews.com upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays increased their price target on Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.50.

View Our Latest Report on Autoliv

Insider Buying and Selling at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the sale, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company’s stock.

Autoliv Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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