Sumitomo Mitsui Trust Holdings Inc. Sells 5,521 Shares of Autoliv, Inc. (NYSE:ALV)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Autoliv, Inc. (NYSE:ALV) by 13.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,622 shares of the auto parts company’s stock after selling 5,521 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Autoliv were worth $3,925,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALV. Louisiana State Employees Retirement System bought a new stake in shares of Autoliv during the 4th quarter valued at $2,314,000. New York Life Investment Management LLC lifted its position in shares of Autoliv by 90.3% during the 3rd quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock valued at $786,000 after acquiring an additional 3,867 shares during the period. Versor Investments LP lifted its position in shares of Autoliv by 43.5% during the 3rd quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock valued at $796,000 after acquiring an additional 2,501 shares during the period. CI Investments Inc. lifted its position in shares of Autoliv by 2.8% during the 3rd quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock valued at $22,307,000 after acquiring an additional 6,394 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Autoliv by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock valued at $206,103,000 after acquiring an additional 133,746 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now owns 4,859 shares of the company’s stock, valued at $534,490. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now owns 4,859 shares of the company’s stock, valued at $534,490. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mikael Hagstrom sold 327 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,388 shares of company stock valued at $921,757. Company insiders own 0.24% of the company’s stock.

Autoliv Price Performance

Shares of ALV opened at $117.99 on Wednesday. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $124.38. The business has a 50-day simple moving average of $117.08 and a two-hundred day simple moving average of $107.46. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. The stock has a market cap of $9.61 billion, a PE ratio of 20.52, a PEG ratio of 0.76 and a beta of 1.72.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. Analysts anticipate that Autoliv, Inc. will post 9.68 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. Autoliv’s payout ratio is 47.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ALV shares. Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Wells Fargo & Company upped their target price on Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 12th. Mizuho upped their price objective on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Barclays upped their price objective on Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.82.

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.