Swedbank AB Sells 66,795 Shares of Autoliv, Inc. (NYSE:ALV)

Swedbank AB trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500,486 shares of the auto parts company's stock after selling 66,795 shares during the quarter. Swedbank AB owned about 3.22% of Autoliv worth $234,521,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ALV. KBC Group NV lifted its stake in shares of Autoliv by 67.6% in the fourth quarter. KBC Group NV now owns 3,182 shares of the auto parts company's stock valued at $298,000 after buying an additional 1,283 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Autoliv by 5.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,046 shares of the auto parts company's stock valued at $848,000 after purchasing an additional 434 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Autoliv by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company's stock valued at $405,000 after acquiring an additional 190 shares during the period. Perpetual Ltd grew its stake in Autoliv by 130.4% during the fourth quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company's stock worth $583,000 after buying an additional 3,521 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in 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 buying an additional 159 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Autoliv Stock Performance

Shares of NYSE ALV traded up $1.36 during midday trading on Wednesday, hitting $101.20. The company's stock had a trading volume of 848,727 shares, compared to its average volume of 642,329. The stock has a fifty day moving average price of $96.61 and a 200 day moving average price of $97.11. Autoliv, Inc. has a one year low of $89.51 and a one year 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 0.69. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.73 and a beta of 1.59.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This is a boost from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.77%. Autoliv's dividend payout ratio is 36.46%.

Analysts Set New Price Targets

ALV has been the subject of several research analyst reports. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Finally, Robert W. Baird lifted their target price on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and an average target price of $121.62.

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.