KLP Kapitalforvaltning AS Makes New $1.45 Million Investment in Autoliv, Inc. (NYSE:ALV)

KLP Kapitalforvaltning AS purchased a new stake in Autoliv, Inc. (NYSE:ALV) in the 4th quarter, Holdings Channel reports. The fund purchased 15,500 shares of the auto parts company’s stock, valued at approximately $1,454,000.

A number of other institutional investors have also recently modified their holdings of ALV. UMB Bank n.a. raised its position in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 159 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 134 shares during the period. Fred Alger Management LLC purchased a new position in shares of Autoliv in the 3rd quarter valued at about $45,000. Twin Tree Management LP acquired a new stake in shares of Autoliv in the fourth quarter valued at about $50,000. Finally, CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after buying an additional 124 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the completion of the sale, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This trade represents a 19.82 % 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 quarter. Company insiders own 0.20% of the company’s stock.

Autoliv Price Performance

Shares of NYSE ALV opened at $89.18 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a 1-year low of $87.55 and a 1-year high of $129.38. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.73 and a beta of 1.59. The business has a 50-day moving average of $95.49 and a 200-day moving average of $95.58.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Friday, March 7th. Autoliv’s payout ratio is 34.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen started coverage on shares of Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 price target for the company. Cowen assumed coverage on Autoliv in a research report on Thursday, March 6th. They set a “buy” rating on the stock. Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their target price 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. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.14.

Autoliv 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.