Ameriprise Financial Inc. Reduces Stock Position in Autoliv, Inc. (NYSE:ALV)

Ameriprise Financial Inc. reduced its holdings in Autoliv, Inc. (NYSE:ALV) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,425 shares of the auto parts company’s stock after selling 2,500 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of Autoliv worth $7,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ALV. Barclays PLC grew its stake in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after buying an additional 8,859 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Autoliv by 3.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock worth $391,000 after buying an additional 140 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares in the last quarter. Perpetual Ltd grew its stake in shares of Autoliv by 130.4% in the 4th quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company’s stock worth $583,000 after buying an additional 3,521 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Autoliv by 4.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock worth $405,000 after buying an additional 190 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Trading Down 1.5%

Shares of ALV opened at $100.50 on Thursday. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. The company has a 50-day moving average of $90.55 and a 200 day moving average of $94.44. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business posted $1.58 EPS. On average, research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.79%. Autoliv’s dividend payout ratio is currently 32.22%.

Analyst Upgrades and Downgrades

ALV has been the subject of several analyst reports. Pareto Securities lowered shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. BNP Paribas upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Friday, May 9th. Cowen initiated coverage on shares of Autoliv in a report on Thursday, March 6th. They issued a “buy” rating for the company. Finally, BNP Paribas Exane upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.29.

Insider Activity

In related news, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares in the company, valued at $720,218.59. The trade was a 19.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Per Jonas Jademyr sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now owns 685 shares of the company’s stock, valued at approximately $67,712.25. This trade represents a 36.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by corporate insiders.

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.