Autoliv, Inc. (NYSE:ALV) Shares Sold by Creative Planning

Creative Planning cut its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,321 shares of the auto parts company’s stock after selling 208 shares during the period. Creative Planning’s holdings in Autoliv were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ALV. GAMMA Investing LLC lifted its holdings in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares in the last quarter. Quarry LP lifted its holdings in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Autoliv by 427.6% in the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after purchasing an additional 667 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Autoliv in the 2nd quarter valued at $156,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Hsbc Global Res upgraded shares of Autoliv to a “strong-buy” rating in a report on Monday, July 15th. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Finally, HSBC assumed coverage on shares of Autoliv in a report on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Trading Up 4.9 %

Shares of Autoliv stock opened at $99.59 on Friday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. 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 company has a market capitalization of $7.84 billion, a P/E ratio of 12.97, a PEG ratio of 0.85 and a beta of 1.59. The company’s fifty day moving average is $95.42 and its two-hundred day moving average is $105.62.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts forecast that Autoliv, Inc. will post 8.22 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Wednesday, September 4th. Autoliv’s payout ratio is 35.42%.

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.