Massachusetts Financial Services Co. MA Increases Position in Autoliv, Inc. (NYSE:ALV)

Massachusetts Financial Services Co. MA raised its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 67.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 701,994 shares of the auto parts company's stock after acquiring an additional 284,002 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.90% of Autoliv worth $65,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its holdings in Autoliv by 107.7% in the 3rd quarter. Cerity Partners LLC now owns 4,482 shares of the auto parts company's stock valued at $418,000 after purchasing an additional 2,324 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Autoliv by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company's stock valued at $2,190,000 after buying an additional 130 shares during the period. Wellington Management Group LLP grew its holdings in Autoliv by 21.2% during the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock worth $85,008,000 after acquiring an additional 159,067 shares during the period. Jane Street Group LLC raised its position in Autoliv by 94.2% in the third quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company's stock worth $19,700,000 after acquiring an additional 102,362 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in Autoliv by 58.2% in the third quarter. XTX Topco Ltd now owns 14,073 shares of the auto parts company's stock valued at $1,314,000 after acquiring an additional 5,177 shares during the period. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Trading Down 5.8 %

Shares of NYSE:ALV traded down $4.86 during midday trading on Thursday, reaching $78.41. The company's stock had a trading volume of 265,698 shares, compared to its average volume of 794,060. The business has a 50 day moving average price of $92.13 and a 200 day moving average price of $94.79. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $129.38. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last announced 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%. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. Autoliv's dividend payout ratio is presently 34.70%.

Insider Transactions at Autoliv

In other Autoliv 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 transaction, the chief executive officer now directly owns 23,307 shares of the company's stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 685 shares in the company, valued at approximately $67,712.25. This represents a 36.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last ninety days. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

ALV has been the topic of a number of recent analyst reports. Mizuho lowered their price target on shares of Autoliv from $112.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their target price on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a report on Monday, December 16th. HSBC lowered Autoliv from a "buy" rating to a "hold" rating and decreased their price target for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective for the company. Finally, Pareto Securities downgraded Autoliv to a "hold" rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.93.

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.