Norges Bank Acquires Shares of 391,947 Autoliv, Inc. (NYSE:ALV)

Norges Bank acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 391,947 shares of the auto parts company's stock, valued at approximately $36,761,000. Norges Bank owned about 0.50% of Autoliv at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. increased its stake in shares of 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 boosted 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 valued at $235,000 after buying an additional 124 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Autoliv by 0.6% in the third 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 in the last quarter. US Bancorp DE grew its position in Autoliv by 3.5% in the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after acquiring an additional 130 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other 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 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. This represents a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction 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 completion of the sale, the insider now directly owns 6,142 shares of the company's stock, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,253 shares of company stock worth $915,534. Corporate insiders own 0.20% of the company's stock.

Autoliv Trading Down 1.2 %

Shares of ALV stock traded down $0.96 during trading hours on Monday, hitting $79.73. 1,028,841 shares of the company were exchanged, compared to its average volume of 790,455. The company has a 50 day simple moving average of $93.72 and a two-hundred day simple moving average of $95.18. The firm has a market cap of $6.17 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a fifty-two week low of $74.28 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv's dividend payout ratio (DPR) is currently 34.70%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ALV shares. Mizuho decreased their price target on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They set a "buy" rating for the company. Pareto Securities downgraded Autoliv to a "hold" rating in a report on Monday, February 3rd. Daiwa Capital Markets raised Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Finally, Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv has an average rating of "Moderate Buy" and a consensus price target of $117.14.

Autoliv 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.