KLP Kapitalforvaltning AS Takes $1.45 Million Position in Autoliv, Inc. (NYSE:ALV)

KLP Kapitalforvaltning AS purchased a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,500 shares of the auto parts company's stock, valued at approximately $1,454,000.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Autoliv by 8.8% in the fourth quarter. Sei Investments Co. now owns 45,440 shares of the auto parts company's stock valued at $4,262,000 after acquiring an additional 3,668 shares in the last quarter. American Century Companies Inc. grew its position in Autoliv by 11.4% during the fourth quarter. American Century Companies Inc. now owns 149,080 shares of the auto parts company's stock valued at $13,982,000 after buying an additional 15,289 shares during the period. Beddow Capital Management Inc. increased its holdings in Autoliv by 12.5% during the fourth quarter. Beddow Capital Management Inc. now owns 90,980 shares of the auto parts company's stock worth $8,533,000 after buying an additional 10,083 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in Autoliv by 41.8% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 19,004 shares of the auto parts company's stock worth $1,782,000 after acquiring an additional 5,604 shares during the period. Finally, Twin Tree Management LP purchased a new position in Autoliv in the fourth quarter valued at about $50,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,253 shares of company stock worth $915,534. Corporate insiders own 0.24% of the company's stock.

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Autoliv Price Performance

NYSE ALV traded up $0.80 during trading on Wednesday, reaching $90.29. The company's stock had a trading volume of 70,004 shares, compared to its average volume of 780,259. The firm has a fifty day moving average of $95.10 and a 200 day moving average of $95.52. Autoliv, Inc. has a one year low of $87.55 and a one year high of $129.38. The stock has a market capitalization of $6.99 billion, a PE ratio of 11.18, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping 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%. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Friday, March 7th. Autoliv's dividend payout ratio is currently 34.70%.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Pareto Securities downgraded Autoliv to a "hold" rating in a research note on Monday, February 3rd. HSBC cut Autoliv from a "buy" rating to a "hold" rating and dropped their price target for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Finally, Mizuho cut their price objective on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.14.

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.