Summit Investment Advisors Inc. Sells 445 Shares of Autoliv, Inc. $ALV

Summit Investment Advisors Inc. reduced its stake in Autoliv, Inc. (NYSE:ALV) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,067 shares of the auto parts company’s stock after selling 445 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Autoliv were worth $1,244,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ALV. M&T Bank Corp purchased a new stake in Autoliv in the first quarter worth about $206,000. Nisa Investment Advisors LLC increased its holdings in Autoliv by 51.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,525 shares of the auto parts company’s stock worth $577,000 after acquiring an additional 2,210 shares in the last quarter. CWM LLC raised its stake in Autoliv by 22.1% during the 1st quarter. CWM LLC now owns 1,027 shares of the auto parts company’s stock worth $91,000 after acquiring an additional 186 shares during the period. Signaturefd LLC lifted its holdings in Autoliv by 63.4% during the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Autoliv by 13.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 793,306 shares of the auto parts company’s stock valued at $70,168,000 after purchasing an additional 91,312 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 0.5%

Shares of ALV stock opened at $122.95 on Wednesday. The company’s fifty day simple moving average is $122.06 and its two-hundred day simple moving average is $114.40. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $129.54. The stock has a market cap of $9.34 billion, a P/E ratio of 12.70, a PEG ratio of 0.88 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.22. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.87 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. Autoliv’s payout ratio is currently 35.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALV. Mizuho raised their price objective on shares of Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. UBS Group reiterated an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Berenberg Bank set a $134.00 price target on Autoliv in a report on Tuesday, October 21st. Wall Street Zen upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $128.00.

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.