JPMorgan Chase & Co. Sells 74,276 Shares of Autoliv, Inc. (NYSE:ALV)

JPMorgan Chase & Co. cut its holdings in Autoliv, Inc. (NYSE:ALV) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,039 shares of the auto parts company’s stock after selling 74,276 shares during the period. JPMorgan Chase & Co.’s holdings in Autoliv were worth $18,949,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALV. UMB Bank n.a. increased its holdings in shares of 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 buying an additional 159 shares during the period. AlphaQuest LLC grew its position in 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 acquiring an additional 134 shares during the last quarter. Twin Tree Management LP purchased a new position in Autoliv in the 4th quarter worth approximately $50,000. CIBC Asset Management Inc lifted its position in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Autoliv during the fourth quarter valued at approximately $246,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. TD Cowen began coverage on Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Pareto Securities cut Autoliv to a “hold” rating in a research note on Monday, February 3rd. Ten equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.93.

Autoliv Stock Performance

Shares of ALV opened at $79.60 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.16 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.73 and a beta of 1.47. The business’s 50 day moving average price is $91.84 and its 200-day moving average price is $94.69. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share 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 anticipate that Autoliv, Inc. will post 9.51 earnings per share 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is currently 34.70%.

Insider Buying and Selling

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the transaction, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction that occurred 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 sale, the insider now owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last three months. 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.