Zurcher Kantonalbank Zurich Cantonalbank Sells 61,346 Shares of Autoliv, Inc. (NYSE:ALV)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Autoliv, Inc. (NYSE:ALV) by 59.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,578 shares of the auto parts company’s stock after selling 61,346 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autoliv were worth $3,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ALV. Swedbank AB raised its position in 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 purchasing an additional 205,241 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Autoliv by 15.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,612 shares of the auto parts company’s stock worth $804,000 after buying an additional 1,153 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Autoliv by 11.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,407 shares of the auto parts company’s stock worth $411,000 after acquiring an additional 451 shares during the last quarter. Impax Asset Management Group plc increased its position in Autoliv by 24.2% in the 3rd quarter. Impax Asset Management Group plc now owns 68,848 shares of the auto parts company’s stock valued at $6,428,000 after acquiring an additional 13,400 shares in the last quarter. Finally, Beddow Capital Management Inc. raised its stake in shares of Autoliv by 14.4% in the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company’s stock worth $7,553,000 after acquiring an additional 10,198 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALV has been the topic of several research analyst reports. Hsbc Global Res cut shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Mizuho decreased their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Pareto Securities downgraded Autoliv to a “hold” rating in a research report on Monday, February 3rd. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, TD Cowen began coverage on Autoliv in a report on Friday, March 7th. They set a “buy” rating and a $116.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.14.

Autoliv Trading Up 2.7 %

ALV opened at $90.02 on Friday. Autoliv, Inc. has a twelve month low of $87.55 and a twelve month high of $129.38. The firm has a market cap of $7.00 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. 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 firm’s fifty day moving average is $96.35 and its two-hundred day moving average is $96.17.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping 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 anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 payout ratio is 34.70%.

Insiders Place Their Bets

In related news, CFO Fredrik Westin sold 1,803 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. The trade was a 17.35 % 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 worth $915,534. Company insiders own 0.20% of the company’s stock.

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.