Kingfisher Capital LLC Sells 208 Shares of Autoliv, Inc. (NYSE:ALV)

Kingfisher Capital LLC trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,949 shares of the auto parts company’s stock after selling 208 shares during the quarter. Kingfisher Capital LLC’s holdings in Autoliv were worth $2,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Autoliv during the first quarter worth $36,000. Parallel Advisors LLC raised its holdings in shares of Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares during the period. Rise Advisors LLC raised its holdings in shares of Autoliv by 104.9% during the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 280 shares during the period. Finally, TFO Wealth Partners LLC raised its holdings in shares of Autoliv by 15,425.0% during the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 617 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

NYSE ALV opened at $93.10 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.58 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.65 and a beta of 1.60. Autoliv, Inc. has a 12-month low of $89.37 and a 12-month high of $129.38. The firm has a 50-day moving average price of $98.30 and a two-hundred day moving average price of $110.94.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS. Analysts anticipate that Autoliv, Inc. will post 9.05 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio is currently 42.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALV shares. BNP Paribas started coverage on shares of Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating on the stock. Bank of America dropped their price objective on shares of Autoliv from $145.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays dropped their price objective on shares of Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Evercore ISI lowered their price target on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and lifted their price target for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.71.

Autoliv 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.