Bank of Hawaii Trims Stake in Autoliv, Inc. (NYSE:ALV)

Bank of Hawaii reduced its holdings in Autoliv, Inc. (NYSE:ALV) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,203 shares of the auto parts company’s stock after selling 127 shares during the quarter. Bank of Hawaii’s holdings in Autoliv were worth $207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. grew its holdings in shares of Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares in the last quarter. CIBC Asset Management Inc grew its stake in Autoliv by 5.2% in the 4th 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. US Bancorp DE grew its stake in Autoliv by 3.5% in the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock worth $358,000 after buying an additional 130 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Autoliv by 74.4% in the 4th 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. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Autoliv by 3.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $79.60 on Friday. 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 company has a 50-day moving average price of $91.84 and a 200-day moving average price of $94.69. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s payout ratio is 34.70%.

Insider Activity at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total transaction of $39,638.85. Following the sale, the executive vice president now owns 685 shares of the company’s stock, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business’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 $2,305,062.30. This represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ALV has been the topic of a number of research analyst reports. HSBC cut Autoliv from a “buy” rating to a “hold” rating and reduced their target price for the company from $109.00 to $100.00 in a research note on Tuesday, February 4th. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Mizuho dropped their target price on Autoliv from $112.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday. Hsbc Global Res cut shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Pareto Securities lowered shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.93.

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.