BNP Paribas Financial Markets Decreases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

BNP Paribas Financial Markets reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 86.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,147 shares of the auto parts company’s stock after selling 64,052 shares during the period. BNP Paribas Financial Markets’ holdings in Autoliv were worth $952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC boosted its holdings in Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $50,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after buying an additional 124 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 $67,712.25. This trade represents a 36.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock worth $915,534. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ALV has been the topic of a number of recent analyst reports. Pareto Securities cut Autoliv to a “hold” rating in a report on Monday, February 3rd. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and reduced their price objective for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Cowen assumed coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

Autoliv Trading Down 1.5%

NYSE ALV opened at $100.50 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market cap 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 firm has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $94.44. Autoliv, Inc. has a one year low of $75.49 and a one year high of $129.38.

Autoliv (NYSE:ALV) last released its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $1.58 EPS. Equities research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

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

Autoliv Company 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.