Principal Financial Group Inc. Sells 73,072 Shares of Autoliv, Inc. (NYSE:ALV)

Principal Financial Group Inc. decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 25.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,028 shares of the auto parts company’s stock after selling 73,072 shares during the period. Principal Financial Group Inc. owned 0.26% of Autoliv worth $19,517,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Autoliv by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock worth $851,000 after buying an additional 156 shares during the last quarter. Victory Capital Management Inc. raised its position in Autoliv by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after buying an additional 162 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after acquiring an additional 174 shares during the period. 69.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALV has been the subject of several research reports. Wolfe Research started coverage on shares of Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Barclays cut their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Finally, Evercore ISI cut their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Stock Down 2.8 %

ALV opened at $98.43 on Friday. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.90 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 firm’s fifty day moving average is $95.35 and its 200 day moving average is $104.99. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. Autoliv’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is 35.42%.

About Autoliv

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.