New York Life Investment Management LLC Cuts Stake in Autoliv, Inc. (NYSE:ALV)

New York Life Investment Management LLC reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,038 shares of the auto parts company’s stock after selling 113 shares during the quarter. New York Life Investment Management LLC’s holdings in Autoliv were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new position in shares of Autoliv in the third quarter valued at $254,000. Raymond James & Associates grew its holdings in shares of Autoliv by 143.7% in the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock valued at $2,780,000 after purchasing an additional 16,990 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Autoliv by 54.9% in the third quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock valued at $2,905,000 after purchasing an additional 10,676 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Autoliv by 269.5% in the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock valued at $84,000 after purchasing an additional 636 shares in the last quarter. Finally, Manhattan West Asset Management LLC grew its holdings in shares of Autoliv by 15.5% in the third quarter. Manhattan West Asset Management LLC now owns 17,179 shares of the auto parts company’s stock valued at $1,650,000 after purchasing an additional 2,308 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autoliv

In related news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autoliv news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the transaction, the vice president now owns 327 shares in the company, valued at $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares in the company, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. Insiders sold 7,606 shares of company stock worth $835,205 over the last three months. 0.24% of the stock is owned by corporate insiders.

Autoliv Stock Performance

ALV stock opened at $124.50 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The business has a 50-day moving average price of $119.33 and a 200 day moving average price of $109.55. The company has a market capitalization of $10.13 billion, a P/E ratio of 19.42, a PEG ratio of 0.77 and a beta of 1.70. Autoliv, Inc. has a 1-year low of $79.66 and a 1-year high of $125.91.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.18%. Autoliv’s payout ratio is currently 42.43%.

Analyst Ratings Changes

A number of research firms recently weighed in on ALV. Bank of America raised their target price on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. StockNews.com upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Barclays raised their price target on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Wells Fargo & Company raised their price target on Autoliv from $126.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Finally, Robert W. Baird raised their price target on Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

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.