Autoliv, Inc. (NYSE:ALV) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,870 shares of the auto parts company's stock after selling 69,059 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Autoliv worth $14,244,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ALV. UMB Bank n.a. lifted its position in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC raised its stake in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after purchasing an additional 134 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Autoliv during the fourth quarter worth about $50,000. Physician Wealth Advisors Inc. purchased a new stake in Autoliv in the fourth quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc increased its holdings in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after buying an additional 124 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of NYSE ALV traded up $7.07 during trading on Wednesday, hitting $89.31. The company had a trading volume of 810,415 shares, compared to its average volume of 913,150. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $91.09 and a two-hundred day simple moving average of $94.47. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47.

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Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, March 7th. Autoliv's dividend payout ratio is currently 34.70%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Daiwa Capital Markets raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. StockNews.com downgraded Autoliv from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. HSBC cut Autoliv from a "buy" rating to a "hold" rating and reduced their price target for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on Autoliv in a research report on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective on the stock. Nine investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $113.71.

Insider Buying and Selling at Autoliv

In related news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,253 shares of company stock worth $915,534. Corporate insiders own 0.20% of the company's stock.

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.