CIBC Asset Management Inc Buys 124 Shares of Autoliv, Inc. (NYSE:ALV)

CIBC Asset Management Inc boosted its stake in Autoliv, Inc. (NYSE:ALV) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,501 shares of the auto parts company’s stock after purchasing an additional 124 shares during the quarter. CIBC Asset Management Inc’s holdings in Autoliv were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in Autoliv by 3.5% in the 4th quarter. Rhumbline Advisers now owns 132,389 shares of the auto parts company’s stock worth $12,417,000 after purchasing an additional 4,483 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Autoliv in the fourth quarter worth $394,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Autoliv in the fourth quarter worth $3,392,000. Van ECK Associates Corp raised its position in shares of Autoliv by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 67,751 shares of the auto parts company’s stock worth $6,354,000 after buying an additional 19,360 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Autoliv in the fourth quarter worth $595,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 0.9 %

Shares of Autoliv stock opened at $99.10 on Wednesday. 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’s fifty day simple moving average is $95.90 and its two-hundred day simple moving average is $96.61. The company has a market cap of $7.70 billion, a P/E ratio of 12.28, a PEG ratio of 0.73 and a beta of 1.58. Autoliv, Inc. has a 12-month low of $89.51 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 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%. Research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. Autoliv’s dividend payout ratio is presently 34.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. HSBC downgraded Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Tuesday. Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Finally, Pareto Securities lowered shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.23.

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.