Northwest & Ethical Investments L.P. Grows Position in Autoliv, Inc. (NYSE:ALV)

Northwest & Ethical Investments L.P. increased its position in shares of Autoliv, Inc. (NYSE:ALV) by 41.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,004 shares of the auto parts company’s stock after buying an additional 5,604 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Autoliv were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALV. UMB Bank n.a. grew its stake 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 buying an additional 159 shares during the last quarter. AlphaQuest LLC grew its stake in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after buying an additional 134 shares during the last quarter. Fred Alger Management LLC purchased a new position in Autoliv during the 3rd quarter worth approximately $45,000. Twin Tree Management LP purchased a new position in Autoliv during the 4th quarter worth approximately $50,000. Finally, CIBC Asset Management Inc grew its stake in shares of Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the sale, the executive vice president now directly owns 685 shares of the company’s stock, valued at $67,712.25. The trade was a 36.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $89.39 on Friday. The company has a market cap of $6.95 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.73 and a beta of 1.59. 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, Inc. has a 52 week low of $87.55 and a 52 week high of $129.38. The business has a fifty day simple moving average of $95.97 and a 200-day simple moving average of $95.80.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is presently 34.70%.

Analyst Upgrades and Downgrades

ALV has been the topic of several analyst reports. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research note on Tuesday, January 7th. Pareto Securities downgraded Autoliv to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Cowen began coverage on Autoliv in a research note on Thursday, March 6th. They issued a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.