Zurcher Kantonalbank Zurich Cantonalbank Has $3.90 Million Position in Autoliv, Inc. (NYSE:ALV)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Autoliv, Inc. (NYSE:ALV) by 59.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,578 shares of the auto parts company’s stock after selling 61,346 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Autoliv worth $3,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its holdings in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Callan Family Office LLC purchased a new position in Autoliv in the fourth quarter valued at about $326,000. Raymond James Financial Inc. acquired a new position in Autoliv in the 4th quarter worth about $3,815,000. US Bancorp DE raised its stake in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock worth $358,000 after purchasing an additional 130 shares in the last quarter. Finally, Todd Asset Management LLC acquired a new stake in shares of Autoliv during the 4th quarter valued at about $3,536,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $90.02 on Friday. The company’s fifty day moving average is $96.35 and its two-hundred day moving average is $96.17. Autoliv, Inc. has a 52-week low of $87.55 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (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%. Equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Autoliv’s dividend payout ratio is currently 34.70%.

Insider Buying and Selling at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. This represents a 17.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ALV. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Pareto Securities downgraded shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and cut their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They set a “buy” rating and a $116.00 price target for the company. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.14.

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.