Geode Capital Management LLC Increases Holdings in Autoliv, Inc. (NYSE:ALV)

Geode Capital Management LLC boosted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 995,121 shares of the auto parts company's stock after purchasing an additional 7,746 shares during the period. Geode Capital Management LLC owned approximately 1.28% of Autoliv worth $93,368,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings 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 during the period. AlphaQuest LLC lifted its holdings in Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after buying an additional 134 shares during the period. Twin Tree Management LP bought a new stake in shares of Autoliv in the 4th quarter worth approximately $50,000. Physician Wealth Advisors Inc. bought a new position in shares of Autoliv during the fourth quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc lifted its stake in Autoliv by 5.2% in 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. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Performance

NYSE ALV traded up $6.58 during trading hours on Wednesday, hitting $88.82. 716,472 shares of the company's stock traded hands, compared to its average volume of 807,477. The business's fifty day moving average price is $91.09 and its two-hundred day moving average price is $94.47. The firm has a market capitalization of $6.88 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.73 and a beta of 1.47. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week 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 released its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.45. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.15%. Autoliv's payout ratio is 34.70%.

Analysts Set New Price Targets

Several research firms have recently commented on ALV. TD Cowen began coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a "buy" rating and a $116.00 target price for the company. StockNews.com downgraded Autoliv from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Pareto Securities lowered Autoliv to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res lowered Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Cowen started coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating for the company. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $113.71.

Insider Activity at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the chief financial officer now owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by corporate 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.