US Bancorp DE reduced its position in Autoliv Inc. (NYSE:ALV) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,692 shares of the auto parts company’s stock after selling 853 shares during the quarter. US Bancorp DE’s holdings in Autoliv were worth $493,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of Autoliv in the second quarter valued at $201,000. GSA Capital Partners LLP acquired a new stake in shares of Autoliv in the second quarter valued at $204,000. First Republic Investment Management Inc. acquired a new stake in shares of Autoliv in the second quarter valued at $229,000. Verition Fund Management LLC acquired a new stake in shares of Autoliv in the second quarter valued at $233,000. Finally, ARP Americas LP acquired a new stake in shares of Autoliv in the third quarter valued at $329,000. 30.08% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on ALV shares. Wells Fargo & Co lowered their target price on Autoliv from $115.00 to $113.00 and set a “market perform” rating for the company in a research note on Monday, July 30th. Robert W. Baird lowered their target price on Autoliv from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, July 30th. Barclays lowered their target price on Autoliv from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, July 31st. Zacks Investment Research cut Autoliv from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Jefferies Financial Group set a $115.00 price target on Autoliv and gave the company a “buy” rating in a report on Monday, August 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Autoliv currently has an average rating of “Hold” and an average target price of $112.00.
In related news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $89.53, for a total transaction of $3,812,993.17. Following the transaction, the director now directly owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.
ALV stock opened at $87.77 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.65 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.74 and a beta of 1.17. Autoliv Inc. has a 1-year low of $75.99 and a 1-year high of $115.37.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 26th. The auto parts company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.23). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.08 billion. Autoliv had a return on equity of 20.06% and a net margin of 3.52%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. Equities analysts forecast 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 Thursday, March 7th. Investors of record on Friday, February 22nd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, February 21st. Autoliv’s payout ratio is presently 37.69%.
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Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers 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.
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