Charles Schwab Investment Management Inc. Sells 8,418 Shares of Autoliv, Inc. (NYSE:ALV)

Charles Schwab Investment Management Inc. lowered its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,211 shares of the auto parts company's stock after selling 8,418 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Autoliv worth $44,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALV. UMB Bank n.a. raised its stake in shares of Autoliv by 139.5% during the 4th 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. Fred Alger Management LLC bought a new stake in shares of Autoliv during the 3rd quarter worth approximately $45,000. CIBC Asset Management Inc raised its stake in Autoliv by 5.2% in 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. Blueshift Asset Management LLC raised its stake in Autoliv by 14.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company's stock valued at $245,000 after acquiring an additional 334 shares during the period. Finally, Qsemble Capital Management LP bought a new stake in Autoliv in the 3rd quarter valued at $284,000. Institutional investors own 69.57% of the company's stock.

Insider Activity

In related news, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Fredrik Westin sold 1,803 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now owns 7,261 shares of the company's stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Pareto Securities cut Autoliv to a "hold" rating in a research note on Monday, February 3rd. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a research report on Tuesday, January 7th. TD Cowen started coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price objective on the stock. Finally, Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They set a "buy" rating on the stock. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.14.

Autoliv Trading Down 1.3 %

Shares of ALV traded down $1.18 during mid-day trading on Tuesday, reaching $88.58. 695,265 shares of the company were exchanged, compared to its average volume of 733,917. Autoliv, Inc. has a 52 week low of $87.55 and a 52 week high of $129.38. 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 $6.88 billion, a PE ratio of 10.98, a PEG ratio of 0.73 and a beta of 1.59. The business has a 50 day simple moving average of $96.27 and a two-hundred day simple moving average of $96.05.

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

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.16%. Autoliv's dividend payout ratio is 34.70%.

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.