Bank of New York Mellon Corp Increases Stake in Autoliv, Inc. (NYSE:ALV)

Bank of New York Mellon Corp boosted its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,348 shares of the auto parts company's stock after buying an additional 15,202 shares during the period. Bank of New York Mellon Corp owned approximately 0.52% of Autoliv worth $38,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Autoliv by 139.5% during 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 during the period. Fred Alger Management LLC acquired a new position in shares of Autoliv in the 3rd quarter valued at about $45,000. Farther Finance Advisors LLC boosted its stake in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company's stock worth $213,000 after buying an additional 2,179 shares during the last quarter. CIBC Asset Management Inc grew its holdings in 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 during the period. Finally, Blueshift Asset Management LLC raised its position in Autoliv by 14.6% during the third 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 in the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

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Analysts Set New Price Targets

ALV has been the topic of several analyst reports. Cowen began coverage on shares of Autoliv in a research report on Thursday. They set a "buy" rating on the stock. Wells Fargo & Company dropped their price objective on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a report on Monday, December 16th. TD Cowen started coverage on Autoliv in a research note on Friday. They set a "buy" rating and a $116.00 target price for the company. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target on the stock in a research note on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.14.

Autoliv Trading Down 1.5 %

Shares of ALV traded down $1.50 during midday trading on Monday, reaching $95.75. The company had a trading volume of 1,115,442 shares, compared to its average volume of 722,773. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. 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 firm has a 50 day simple moving average of $96.51 and a 200-day simple moving average of $96.47. The stock has a market cap of $7.44 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share 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%. Research analysts forecast 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 will be paid on Monday, March 24th. Investors 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 2.92%. The ex-dividend date is Friday, March 7th. Autoliv's payout ratio is 34.70%.

Insider Buying and Selling

In related news, EVP Per Jonas Jademyr sold 401 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now owns 23,307 shares of the company's stock, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by insiders.

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.