CANADA LIFE ASSURANCE Co Acquires 7,706 Shares of Autoliv, Inc. (NYSE:ALV)

CANADA LIFE ASSURANCE Co grew its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,720 shares of the auto parts company's stock after buying an additional 7,706 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.08% of Autoliv worth $6,064,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Autoliv by 9.9% in the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after acquiring an additional 641,895 shares during the period. FIL Ltd raised its position in Autoliv by 17.3% during the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after purchasing an additional 351,876 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock worth $133,259,000 after buying an additional 59,592 shares during the period. Wellington Management Group LLP grew its position in shares of Autoliv by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company's stock worth $96,035,000 after buying an additional 113,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Autoliv by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 995,121 shares of the auto parts company's stock valued at $93,368,000 after buying an additional 7,746 shares during the period. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. 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 objective on the stock. Robert W. Baird cut their price objective on Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Cowen began coverage on Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating for the company. HSBC downgraded Autoliv from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Mizuho reduced their target price on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Seven 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

Insider Buying and Selling

In related news, insider Magnus Jarlegren sold 1,289 shares of the business's stock in a transaction that occurred on 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. The trade was a 17.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. 0.30% of the stock is owned by company insiders.

Autoliv Trading Up 0.4 %

Shares of ALV stock opened at $88.76 on Thursday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.73 and a beta of 1.47. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm's 50 day moving average is $90.28 and its 200 day moving average is $94.20. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to analysts' expectations 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 prior year, the business earned $1.58 earnings per share. Research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, March 7th. Autoliv's payout ratio is 32.22%.

Autoliv 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.

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