Deutsche Bank AG Has $11.26 Million Position in Autoliv Inc. (ALV)

Deutsche Bank AG reduced its position in Autoliv Inc. (NYSE:ALV) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,424 shares of the auto parts company’s stock after selling 19,461 shares during the quarter. Deutsche Bank AG’s holdings in Autoliv were worth $11,262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALV. Essex Savings Bank purchased a new position in shares of Autoliv during the fourth quarter worth approximately $35,000. Kinneret Advisory LLC acquired a new stake in Autoliv in the fourth quarter valued at approximately $71,000. Quantamental Technologies LLC acquired a new stake in Autoliv in the fourth quarter valued at approximately $86,000. Mackenzie Financial Corp acquired a new stake in Autoliv in the third quarter valued at approximately $209,000. Finally, Advisor Group Inc. boosted its stake in Autoliv by 87.1% in the fourth quarter. Advisor Group Inc. now owns 3,034 shares of the auto parts company’s stock valued at $215,000 after acquiring an additional 1,412 shares in the last quarter. 34.28% of the stock is currently owned by institutional investors.

NYSE:ALV opened at $82.80 on Wednesday. Autoliv Inc. has a 12 month low of $67.26 and a 12 month high of $115.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.15 and a quick ratio of 0.88. The firm has a market cap of $7.29 billion, a PE ratio of 12.12, a P/E/G ratio of 1.05 and a beta of 1.34.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Tuesday, January 29th. The auto parts company reported $1.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.20). Autoliv had a return on equity of 22.59% and a net margin of 2.06%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Autoliv Inc. will post 7.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.00%. Autoliv’s dividend payout ratio (DPR) is presently 36.31%.

In related news, insider Svante Mogefors sold 1,524 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $80.69, for a total transaction of $122,971.56. Following the completion of the transaction, the insider now owns 643 shares of the company’s stock, valued at $51,883.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

ALV has been the subject of several recent analyst reports. Evercore ISI downgraded shares of Autoliv from an “in-line” rating to an “underperform” rating in a research note on Thursday, December 27th. KeyCorp restated a “buy” rating and issued a $95.00 target price on shares of Autoliv in a research note on Sunday, January 6th. TheStreet downgraded shares of Autoliv from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Daiwa Capital Markets downgraded shares of Autoliv from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 18th. Finally, Citigroup lowered their price objective on shares of Autoliv from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $89.96.

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Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

Further Reading: Why are percentage decliners important?

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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