Alberta Investment Management Corp Takes Position in Autoliv, Inc. (NYSE:ALV)

Alberta Investment Management Corp bought a new position in Autoliv, Inc. (NYSE:ALV - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,800 shares of the auto parts company's stock, valued at approximately $1,107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. raised its holdings in Autoliv by 1.8% during the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after buying an additional 115 shares during the period. CIBC Asset Management Inc increased its position in shares of Autoliv by 5.2% during 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. Quantinno Capital Management LP increased its position in shares of Autoliv by 0.6% during the third quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company's stock worth $2,190,000 after acquiring an additional 130 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Autoliv by 3.5% during the fourth 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. Finally, UMB Bank n.a. lifted its position in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 159 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

Shares of ALV traded up $0.85 during midday trading on Monday, reaching $98.26. The stock had a trading volume of 513,940 shares, compared to its average volume of 770,518. The firm has a 50 day simple moving average of $95.74 and a 200-day simple moving average of $96.56. The firm has a market cap of $7.64 billion, a PE ratio of 12.18, a P/E/G ratio of 0.73 and a beta of 1.58. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 9.58 EPS for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv's payout ratio is 34.70%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALV shares. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Pareto Securities downgraded Autoliv to a "hold" rating in a report on Monday, February 3rd. Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research note 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 target for the company in a research note on Tuesday, January 7th. Finally, Hsbc Global Res downgraded shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.23.

About Autoliv

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.