Alliancebernstein L.P. Cuts Holdings in Autoliv, Inc. (NYSE:ALV)

Alliancebernstein L.P. reduced its position in shares of Autoliv, Inc. (NYSE:ALV) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,347 shares of the auto parts company’s stock after selling 3,666 shares during the quarter. Alliancebernstein L.P. owned 0.46% of Autoliv worth $33,891,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in Autoliv by 107.7% in the third quarter. Cerity Partners LLC now owns 4,482 shares of the auto parts company’s stock valued at $418,000 after purchasing an additional 2,324 shares during the period. Quantinno Capital Management LP lifted its position in shares of Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after buying an additional 130 shares in the last quarter. Wellington Management Group LLP grew its stake in Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after acquiring an additional 159,067 shares during the period. Jane Street Group LLC increased its holdings in Autoliv by 94.2% in the 3rd quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company’s stock worth $19,700,000 after acquiring an additional 102,362 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Autoliv by 58.2% during the third quarter. XTX Topco Ltd now owns 14,073 shares of the auto parts company’s stock worth $1,314,000 after acquiring an additional 5,177 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mikael Bratt sold 5,760 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the transaction, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction on Tuesday, February 25th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ALV shares. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research note on Tuesday, January 7th. Cowen assumed coverage on Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company dropped their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, HSBC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating, nine 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 currently has an average rating of “Moderate Buy” and a consensus target price of $117.14.

Autoliv Trading Down 4.7 %

ALV opened at $80.82 on Friday. The business’s 50 day moving average price is $94.16 and its 200 day moving average price is $95.30. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $6.26 billion, a PE ratio of 10.02, a P/E/G ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a one year low of $78.00 and a one year high of $129.38.

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

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio is presently 34.70%.

Autoliv Company 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.