Handelsbanken Fonder AB Sells 1,500 Shares of Autoliv, Inc. $ALV

Handelsbanken Fonder AB reduced its stake in Autoliv, Inc. (NYSE:ALV) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,800 shares of the auto parts company’s stock after selling 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in Autoliv were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Autoliv by 83.3% in the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after purchasing an additional 463,449 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Autoliv by 1.1% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 41,933 shares of the auto parts company’s stock worth $4,692,000 after acquiring an additional 437 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Autoliv during the 2nd quarter valued at $4,648,000. Cetera Investment Advisers grew its holdings in shares of Autoliv by 5.1% during the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 268 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Autoliv by 23.9% in the second quarter. Creative Planning now owns 6,352 shares of the auto parts company’s stock valued at $711,000 after buying an additional 1,227 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $109.00 to $140.00 in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a research report on Tuesday. Berenberg Bank set a $134.00 price target on Autoliv in a research note on Tuesday, October 21st. Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Finally, Barclays boosted their price objective on Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

Autoliv Trading Up 0.7%

NYSE ALV opened at $118.25 on Thursday. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.54. The stock has a 50-day simple moving average of $120.39 and a 200 day simple moving average of $116.11. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $8.98 billion, a PE ratio of 12.22, a P/E/G ratio of 0.88 and a beta of 1.35.

Autoliv (NYSE:ALV) last posted 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 company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 EPS. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date is Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is 35.95%.

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.