Autoliv, Inc. $ALV Shares Sold by CI Investments Inc.

CI Investments Inc. trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 27.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,370 shares of the auto parts company’s stock after selling 20,473 shares during the period. CI Investments Inc. owned about 0.07% of Autoliv worth $6,591,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Swedbank AB grew its holdings in Autoliv by 8.5% during the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after acquiring an additional 203,511 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Autoliv by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after purchasing an additional 34,064 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Autoliv by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,846,175 shares of the auto parts company’s stock worth $228,003,000 after purchasing an additional 19,440 shares during the period. LSV Asset Management grew its stake in shares of Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after purchasing an additional 559,605 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Autoliv by 26.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock valued at $111,845,000 after purchasing an additional 206,200 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the transaction, the insider owned 7,739 shares of the company’s stock, valued at $941,139.79. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mikael Bratt sold 8,974 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the transaction, the chief executive officer directly owned 29,290 shares in the company, valued at $3,617,607.90. The trade was a 23.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,243 shares of company stock valued at $2,713,735. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wolfe Research set a $143.00 price objective on shares of Autoliv in a report on Monday, January 12th. Robert W. Baird set a $132.00 price target on shares of Autoliv in a research report on Monday, February 2nd. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Barclays restated an “overweight” rating and issued a $140.00 price target on shares of Autoliv in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised Autoliv from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $109.00 to $140.00 in a report on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.40.

Autoliv Stock Down 0.9%

Shares of NYSE ALV opened at $112.08 on Thursday. The firm’s 50-day moving average is $123.44 and its two-hundred day moving average is $121.91. The company has a market capitalization of $8.37 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.32. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.During the same quarter in the prior year, the company posted $3.05 earnings per share. Autoliv’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv’s payout ratio is 36.40%.

Autoliv Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.