Autoliv, Inc. $ALV Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its position in shares of Autoliv, Inc. (NYSE:ALV) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,977 shares of the auto parts company’s stock after selling 6,553 shares during the period. Nordea Investment Management AB owned approximately 0.07% of Autoliv worth $6,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after buying an additional 18,673 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of Autoliv during the third quarter valued at about $1,302,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Autoliv during the third quarter valued at about $1,385,000. Northstar Advisory Group LLC purchased a new stake in shares of Autoliv in the 3rd quarter valued at approximately $1,484,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Autoliv by 17.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock valued at $10,934,000 after acquiring an additional 12,944 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of ALV opened at $105.18 on Friday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The firm’s 50 day moving average price is $117.66 and its 200 day moving average price is $119.93. The company has a market cap of $7.86 billion, a P/E ratio of 11.00, a PEG ratio of 0.88 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate of $2.85 by $0.34. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.05 EPS. On average, research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is presently 36.40%.

Insider Transactions at Autoliv

In related news, EVP Christian Swahn sold 1,478 shares of Autoliv stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $180,360.34. Following the completion of the transaction, the executive vice president directly owned 5,314 shares in the company, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the transaction, the executive vice president directly owned 1,963 shares of the company’s stock, valued at $239,544.89. The trade was a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 in the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 9th. Barclays restated an “overweight” rating and set a $140.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Royal Bank Of Canada lowered their price target on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Evercore dropped their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.71.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.