Aristides Capital LLC Sells 132 Shares of Autoliv, Inc. (NYSE:ALV)

Aristides Capital LLC trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,151 shares of the auto parts company’s stock after selling 132 shares during the quarter. Aristides Capital LLC’s holdings in Autoliv were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ALV. GAMMA Investing LLC boosted its position 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 valued at $28,000 after buying an additional 101 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Autoliv during the 1st quarter valued at about $36,000. Quarry LP grew its stake in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the period. 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 valued at $54,000 after purchasing an additional 223 shares during the last quarter. Finally, 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 valued at $66,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 2.1 %

Autoliv stock opened at $93.37 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The firm’s 50 day moving average price is $97.45 and its 200-day moving average price is $110.16. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The stock has a market cap of $7.60 billion, a P/E ratio of 14.57, a PEG ratio of 0.68 and a beta of 1.60.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS. On average, equities analysts predict that Autoliv, Inc. will post 8.61 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.91%. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Analysts Set New Price Targets

A number of research firms have commented on ALV. Citigroup cut their target price on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Bank of America dropped their price target on Autoliv from $145.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Evercore ISI lowered their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Barclays cut their price target on Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.71.

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.