Autoliv, Inc. (NYSE:ALV) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 31.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,628 shares of the auto parts company’s stock after purchasing an additional 15,877 shares during the period. Wells Fargo & Company MN’s holdings in Autoliv were worth $6,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Legend Financial Advisors Inc. lifted its stake in shares of Autoliv by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock valued at $595,000 after purchasing an additional 115 shares during the period. CIBC Asset Management Inc lifted its position 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 valued at $235,000 after acquiring an additional 124 shares during the period. US Bancorp DE lifted its position in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock valued at $358,000 after acquiring an additional 130 shares during the period. AlphaQuest LLC boosted its stake in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 134 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings 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 acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $86.40 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $6.69 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The business’s 50-day moving average price is $90.74 and its 200 day moving average price is $94.32. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month 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 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 for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company earned $1.58 earnings per share. On average, research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. Autoliv’s payout ratio is 32.22%.

Insider Buying and Selling

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total transaction of $39,638.85. Following the completion of the sale, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares in the company, valued at approximately $607,013.86. This represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ALV shares. Cowen assumed coverage on Autoliv in a research report on Thursday, March 6th. They set a “buy” rating on the stock. Pareto Securities cut shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded shares of Autoliv from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $110.00 to $97.00 in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $112.64.

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.