Autoliv, Inc. (NYSE:ALV) Shares Sold by BDF Gestion

BDF Gestion reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,032 shares of the auto parts company’s stock after selling 968 shares during the period. BDF Gestion’s holdings in Autoliv were worth $1,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Lind Value II ApS acquired a new position in Autoliv in the third quarter worth about $35,818,000. FMR LLC grew its position in shares of Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after acquiring an additional 376,665 shares in the last quarter. Swedbank AB increased its holdings in shares of Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after acquiring an additional 205,241 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Autoliv by 83.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock valued at $39,028,000 after acquiring an additional 190,654 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Autoliv by 21.2% during the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock worth $85,008,000 after purchasing an additional 159,067 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALV. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America cut their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company reduced their price objective 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, Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $121.62.

Autoliv Stock Performance

Autoliv stock opened at $101.27 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of $7.87 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The firm’s 50 day simple moving average is $96.68 and its 200-day simple moving average is $97.14.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s payout ratio is 36.46%.

About Autoliv

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.