Envestnet Asset Management Inc. Cuts Stock Position in Autoliv, Inc. (NYSE:ALV)

Envestnet Asset Management Inc. cut its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,338 shares of the auto parts company's stock after selling 3,371 shares during the period. Envestnet Asset Management Inc.'s holdings in Autoliv were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legend Financial Advisors Inc. boosted its holdings in Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock valued at $595,000 after purchasing an additional 115 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of 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 purchasing an additional 124 shares during the last quarter. US Bancorp DE increased its position in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock worth $358,000 after purchasing an additional 130 shares during the last quarter. AlphaQuest LLC lifted its position in 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 buying an additional 134 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Autoliv by 3.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company's stock worth $391,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Insider Activity at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 in the last ninety days. Insiders own 0.20% of the company's stock.

Autoliv Stock Up 1.2 %

NYSE:ALV traded up $1.09 during trading hours on Tuesday, hitting $93.20. The company's stock had a trading volume of 485,249 shares, compared to its average volume of 816,612. The stock has a market capitalization of $7.20 billion, a P/E ratio of 11.55, a price-to-earnings-growth 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 stock has a fifty day moving average of $89.84 and a 200-day moving average of $94.15. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.38.

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

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, March 7th. Autoliv's payout ratio is 32.22%.

Analyst Ratings Changes

Several brokerages have recently commented on ALV. Robert W. Baird decreased their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. TD Cowen began coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price target for the company. Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Cowen assumed coverage on Autoliv in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Finally, Barclays boosted their price target on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.00.

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.