Pictet Asset Management Holding SA Has $983,000 Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Pictet Asset Management Holding SA grew its holdings in Autoliv, Inc. (NYSE:ALV) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,482 shares of the auto parts company’s stock after purchasing an additional 660 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Autoliv were worth $983,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings 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 purchasing an additional 159 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after buying an additional 134 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Autoliv during the 4th quarter worth about $50,000. CIBC Asset Management Inc increased its holdings in shares of Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after acquiring an additional 124 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Autoliv in the 4th quarter valued at approximately $246,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. TD Cowen started coverage on shares of Autoliv in a report on Friday, March 7th. They set a “buy” rating and a $116.00 price objective for the company. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $117.14.

Insider Activity

In other Autoliv news, EVP Per Jonas Jademyr sold 401 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,253 shares of company stock worth $915,534. Company insiders own 0.24% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE ALV opened at $80.82 on Monday. Autoliv, Inc. has a one year low of $78.00 and a one year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $94.16 and a 200 day simple moving average of $95.30. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.73 and a beta of 1.59.

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

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 3.46%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s payout ratio is 34.70%.

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.