Wells Fargo & Company MN Purchases 15,877 Shares of Autoliv, Inc. (NYSE:ALV)

Wells Fargo & Company MN lifted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,628 shares of the auto parts company's stock after acquiring an additional 15,877 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of Autoliv worth $6,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock valued at $2,821,000 after buying an additional 8,859 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Autoliv during the third quarter valued at about $1,684,000. JPMorgan Chase & Co. grew its holdings in shares of Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock valued at $25,800,000 after buying an additional 76,510 shares during the last quarter. Fortem Financial Group LLC grew its holdings in shares of Autoliv by 3.5% during the fourth quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company's stock valued at $633,000 after buying an additional 228 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its holdings in shares of Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock valued at $595,000 after buying an additional 115 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Monday. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Robert W. Baird lowered their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen initiated coverage on Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.00.

Autoliv Price Performance

Shares of ALV traded up $2.07 during mid-day trading on Thursday, hitting $90.98. The company's stock had a trading volume of 82,135 shares, compared to its average volume of 820,001. 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 1-year low of $75.49 and a 1-year high of $129.38. The firm has a market capitalization of $7.03 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.73 and a beta of 1.47. The firm has a 50-day simple moving average of $90.28 and a 200 day simple moving average of $94.20.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the previous year, the company earned $1.58 EPS. Analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. Autoliv's payout ratio is 32.22%.

Insiders Place Their Bets

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the stock in a transaction 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 transaction, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the sale, the insider now owns 6,142 shares of the company's stock, valued at $607,013.86. This trade represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,253 shares of company stock worth $915,534. Insiders own 0.30% 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.