Autoliv, Inc. (NYSE:ALV) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Autoliv, Inc. (NYSE:ALV) by 3.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,690 shares of the auto parts company’s stock after selling 144 shares during the quarter. US Bancorp DE’s holdings in Autoliv were worth $345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after acquiring an additional 205,241 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Autoliv by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after purchasing an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the period. Caxton Associates LP boosted its position in Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after purchasing an additional 377,233 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after purchasing an additional 281,956 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE:ALV opened at $100.80 on Wednesday. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The stock has a market cap of $7.94 billion, a PE ratio of 13.13, a P/E/G ratio of 0.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a 50 day moving average price of $95.34 and a 200 day moving average price of $105.06.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.66 earnings per share. Equities research analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.78%. Autoliv’s payout ratio is 35.42%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALV shares. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. Evercore ISI reduced their price objective on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Robert W. Baird lifted their target price on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Barclays lowered their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.77.

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.