Swiss National Bank Sells 21,800 Shares of Autoliv, Inc. (NYSE:ALV)

Swiss National Bank decreased its stake in Autoliv, Inc. (NYSE:ALV) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,500 shares of the auto parts company’s stock after selling 21,800 shares during the period. Swiss National Bank owned about 0.19% of Autoliv worth $17,355,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Autoliv by 9.6% in the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after buying an additional 459,147 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Autoliv by 183.6% in the third quarter. Assenagon Asset Management S.A. now owns 487,586 shares of the auto parts company’s stock valued at $47,042,000 after purchasing an additional 315,668 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in Autoliv during the 3rd quarter worth about $19,296,000. AQR Capital Management LLC grew its position in shares of Autoliv by 1,270.7% in the 3rd quarter. AQR Capital Management LLC now owns 202,695 shares of the auto parts company’s stock valued at $19,556,000 after buying an additional 187,907 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Autoliv during the fourth quarter worth about $15,165,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Insider Buying and Selling

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the transaction, the executive vice president now directly owns 4,859 shares in the company, valued at approximately $534,490. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Magnus Jarlegren sold 975 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.92, for a total value of $107,172.00. Following the transaction, the insider now owns 4,854 shares in the company, valued at approximately $533,551.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $83,600.00. Following the sale, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at $534,490. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,606 shares of company stock worth $835,205. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALV has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Bank of America upped their price target on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Wells Fargo & Company boosted their price objective on Autoliv from $126.00 to $128.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. StockNews.com upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd. Finally, Barclays raised their price target on shares of Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.90.

Autoliv Price Performance

Shares of NYSE ALV opened at $125.01 on Friday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.77 and a beta of 1.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. Autoliv, Inc. has a fifty-two week low of $79.66 and a fifty-two week high of $125.91. The firm’s 50-day simple moving average is $119.51 and its 200 day simple moving average is $109.66.

Autoliv Dividend Announcement

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

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.