Erste Asset Management GmbH Acquires New Holdings in Autoliv, Inc. (NYSE:ALV)

Erste Asset Management GmbH purchased a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,600 shares of the auto parts company's stock, valued at approximately $1,095,000.

A number of other institutional investors have also bought and sold shares of ALV. FMR LLC boosted its holdings in shares of Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock valued at $607,335,000 after purchasing an additional 376,665 shares during the last quarter. Swedbank AB boosted its holdings in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock valued at $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Autoliv by 83.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company's stock valued at $39,028,000 after purchasing an additional 190,654 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Autoliv by 21.2% during the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock valued at $85,008,000 after purchasing an additional 159,067 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Autoliv by 94.2% during the 3rd quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company's stock valued at $19,700,000 after purchasing an additional 102,362 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have commented on ALV. Mizuho dropped their price objective on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Daiwa Capital Markets raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a report on Monday, December 16th. Finally, Cowen assumed coverage on shares of Autoliv in a report on Thursday, March 6th. They issued a "buy" rating for the company. Nine equities research 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 stock. According to MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and an average price target of $117.14.

Insider Transactions at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm'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 transaction, the executive vice president now directly owns 685 shares of the company's stock, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Magnus Jarlegren sold 1,289 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now directly owns 6,142 shares in the company, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by company insiders.

Autoliv Trading Up 3.1 %

NYSE ALV traded up $2.76 during trading on Wednesday, hitting $91.38. The stock had a trading volume of 857,205 shares, compared to its average volume of 824,218. 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 stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a one year low of $87.55 and a one year high of $129.38. The stock has a 50 day simple moving average of $96.15 and a 200 day simple moving average of $95.96.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Sell-side analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th 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 3.06%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv's dividend payout ratio (DPR) is presently 34.70%.

Autoliv 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.