KLP Kapitalforvaltning AS Takes Position in Autoliv, Inc. (NYSE:ALV)

KLP Kapitalforvaltning AS bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 15,500 shares of the auto parts company’s stock, valued at approximately $1,454,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares in the last quarter. AlphaQuest LLC increased its stake in 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 buying an additional 134 shares during the period. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter worth approximately $45,000. Twin Tree Management LP acquired a new position in shares of Autoliv in the fourth quarter worth $50,000. Finally, CIBC Asset Management Inc grew its stake in shares of Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 124 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALV has been the subject of a number of recent research reports. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. HSBC downgraded Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They issued a “buy” rating on the stock. TD Cowen began coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.14.

Autoliv Trading Down 2.6 %

ALV opened at $89.18 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52 week low of $87.55 and a 52 week high of $129.38. The business’s 50 day moving average is $95.49 and its two-hundred day moving average is $95.58. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $0.70 dividend. 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 3.14%. Autoliv’s payout ratio is 34.70%.

Insider Transactions at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of the company’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 completion of the sale, the executive vice president now owns 685 shares in the company, valued at $67,712.25. This represents a 36.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction 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 approximately $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,253 shares of company stock worth $915,534. Company insiders own 0.20% of the company’s stock.

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.