Autoliv, Inc. $ALV Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its holdings in shares of Autoliv, Inc. (NYSE:ALVFree Report) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,700 shares of the auto parts company’s stock after selling 17,600 shares during the quarter. Autoliv accounts for about 1.3% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. Hennessy Advisors Inc.’s holdings in Autoliv were worth $37,474,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALV. LSV Asset Management boosted its position in Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after acquiring an additional 559,605 shares during the period. AQR Capital Management LLC boosted its position in Autoliv by 151.7% during the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after acquiring an additional 556,651 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Autoliv during the 2nd quarter worth about $34,816,000. Credit Agricole S A acquired a new stake in Autoliv during the 3rd quarter worth about $30,220,000. Finally, Swedbank AB lifted its position in Autoliv by 8.5% in the 3rd quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after buying an additional 203,511 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of Autoliv stock opened at $119.17 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. Autoliv, Inc. has a fifty-two week low of $84.60 and a fifty-two week high of $130.14. The firm has a fifty day moving average price of $112.11 and a two-hundred day moving average price of $117.87. The company has a market cap of $8.92 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35.

Autoliv (NYSE:ALVGet Free Report) last posted its quarterly earnings results on Friday, April 17th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.21. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is presently 37.42%.

Insiders Place Their Bets

In other news, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total transaction of $194,332.78. Following the completion of the sale, the insider owned 7,739 shares in the company, valued at $941,139.79. The trade was a 17.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares in the company, valued at $239,544.89. This represents a 39.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 over the last three months. Company insiders own 0.34% of the company’s stock.

Key Headlines Impacting Autoliv

Here are the key news stories impacting Autoliv this week:

Wall Street Analyst Weigh In

ALV has been the topic of several research analyst reports. Robert W. Baird set a $132.00 price target on shares of Autoliv in a report on Monday, February 2nd. TD Cowen dropped their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings downgraded shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, April 7th. Wolfe Research set a $143.00 target price on shares of Autoliv in a report on Monday, January 12th. Finally, Bank of America started coverage on shares of Autoliv in a report on Thursday. They issued a “buy” rating and a $140.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.38.

Read Our Latest Stock Analysis on Autoliv

Autoliv Profile

(Free Report)

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

Featured Stories

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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