Legal & General Group Plc Sells 13,679 Shares of Autoliv, Inc. (NYSE:ALV)

Legal & General Group Plc decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,871 shares of the auto parts company's stock after selling 13,679 shares during the quarter. Legal & General Group Plc owned about 0.18% of Autoliv worth $13,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 boosted its stake in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares during the period. Twin Tree Management LP purchased a new stake in Autoliv during the 4th quarter worth $50,000. Physician Wealth Advisors Inc. acquired a new position in Autoliv in the 4th quarter worth $57,000. Finally, CIBC Asset Management Inc boosted its position 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 buying an additional 124 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autoliv

In related news, 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fredrik Westin sold 1,803 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the sale, the chief financial officer now owns 7,261 shares in the company, valued at $720,218.59. The trade was a 19.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Pareto Securities cut Autoliv to a "hold" rating in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price target for the company. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday. Cowen initiated coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Finally, Hsbc Global Res lowered shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.64.

Autoliv Trading Down 0.5 %

NYSE ALV traded down $0.42 on Friday, reaching $86.40. The company had a trading volume of 906,750 shares, compared to its average volume of 819,733. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.38. The stock's 50 day moving average is $90.74 and its 200-day moving average is $94.32. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.73 and a beta of 1.47.

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

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.24%. Autoliv's dividend payout ratio is presently 32.22%.

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.