Corebridge Financial Inc. Decreases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Corebridge Financial Inc. lessened its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,478 shares of the auto parts company's stock after selling 4,437 shares during the period. Corebridge Financial Inc. owned 0.10% of Autoliv worth $7,642,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. FMR LLC boosted its holdings in Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock valued at $607,335,000 after acquiring an additional 376,665 shares in the last quarter. Mondrian Investment Partners LTD raised 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 acquiring an additional 59,592 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock worth $92,221,000 after purchasing an additional 95,888 shares during the last quarter. Wellington Management Group LLP raised its position in Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock worth $85,008,000 after buying an additional 159,067 shares during the last quarter. Finally, Lancaster Investment Management lifted its position in Autoliv by 17.7% during the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company's stock valued at $53,350,000 after purchasing an additional 85,732 shares during the period. 69.57% of the stock is owned by institutional investors.

Remove Ads

Autoliv Stock Up 1.1 %

Shares of ALV traded up $1.00 during trading hours on Tuesday, hitting $89.45. The company had a trading volume of 1,331,136 shares, compared to its average volume of 783,049. The company has a market capitalization of $6.93 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company's fifty day moving average price is $95.10 and its two-hundred day moving average price is $95.52. Autoliv, Inc. has a one year low of $87.55 and a one year high of $129.38. 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 (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) 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%. As a group, equities analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.13%. Autoliv's dividend payout ratio is currently 34.70%.

Insider Buying and Selling

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction 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 sale, the insider now directly owns 6,142 shares in the company, valued at $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock worth $915,534 in the last 90 days. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

ALV has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a report on Monday, December 16th. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. TD Cowen began coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price objective for the company. HSBC lowered shares of Autoliv from a "buy" rating to a "hold" rating and cut their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Cowen started coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Autoliv presently has a consensus rating of "Moderate Buy" and an average price target of $117.14.

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.