Swedbank AB Sells 66,795 Shares of Autoliv, Inc. (NYSE:ALV)

Swedbank AB cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500,486 shares of the auto parts company’s stock after selling 66,795 shares during the period. Swedbank AB owned about 3.22% of Autoliv worth $234,521,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares during the last quarter. Quarry LP boosted its position in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 207 shares during the period. Fred Alger Management LLC purchased a new stake in Autoliv during the 3rd quarter valued at approximately $45,000. Farther Finance Advisors LLC lifted its holdings in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after buying an additional 2,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in shares of Autoliv during the third quarter worth $222,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Autoliv stock traded up $1.36 during trading hours on Wednesday, hitting $101.20. The stock had a trading volume of 75,280 shares, compared to its average volume of 597,341. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The stock’s fifty day moving average is $96.51 and its two-hundred day moving average is $97.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv Increases Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.77%. Autoliv’s dividend payout ratio is currently 36.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Bank of America dropped their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $121.62.

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.