Handelsbanken Fonder AB Reduces Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Handelsbanken Fonder AB lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 14.1% in the fourth quarter, HoldingsChannel reports. The firm owned 18,300 shares of the auto parts company’s stock after selling 3,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Autoliv were worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after acquiring an additional 76,510 shares in the last quarter. Quantbot Technologies LP lifted its position in Autoliv by 1,437.4% during the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after acquiring an additional 48,612 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in Autoliv by 32.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock worth $12,645,000 after acquiring an additional 33,490 shares in the last quarter. Finally, Barclays PLC increased its holdings in Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALV. Hsbc Global Res downgraded Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Mizuho reduced their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Trading Up 0.9 %

Shares of NYSE ALV opened at $99.10 on Wednesday. The business has a fifty day simple moving average of $95.90 and a 200-day simple moving average of $96.61. 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 12 month low of $89.51 and a 12 month high of $129.38. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.73 and a beta of 1.58.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share 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%. Sell-side analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. Autoliv’s dividend payout ratio (DPR) is currently 34.70%.

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.