Autoliv, Inc. $ALV Holdings Lessened by Lancaster Investment Management

Lancaster Investment Management reduced its position in shares of Autoliv, Inc. (NYSE:ALV) by 32.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,054 shares of the auto parts company’s stock after selling 300,006 shares during the period. Autoliv comprises 32.5% of Lancaster Investment Management’s portfolio, making the stock its largest position. Lancaster Investment Management’s holdings in Autoliv were worth $75,712,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Autoliv by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after buying an additional 34,064 shares in the last quarter. Swedbank AB boosted its holdings in Autoliv by 26.3% in the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after purchasing an additional 499,411 shares during the last quarter. LSV Asset Management grew its stake in Autoliv by 83.3% during 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. Massachusetts Financial Services Co. MA increased its holdings in Autoliv by 26.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after purchasing an additional 206,200 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Autoliv in the 2nd quarter valued at approximately $110,368,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Stock Performance

ALV stock opened at $120.22 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $129.54. The stock’s fifty day moving average is $118.57 and its two-hundred day moving average is $117.91. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.90 and a beta of 1.32.

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, beating analysts’ consensus estimates of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the business posted $1.84 EPS. Autoliv’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were issued a $0.87 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s dividend payout ratio is currently 35.95%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALV shares. Weiss Ratings restated a “buy (b-)” rating on shares of Autoliv in a research note on Monday. Robert W. Baird dropped their target price on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Evercore ISI increased their price target on shares of Autoliv from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. UBS Group restated an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Finally, Berenberg Bank set a $134.00 price objective on Autoliv in a research note on Tuesday, October 21st. Two research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.63.

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.