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

US Bancorp DE cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,512 shares of the auto parts company’s stock after selling 308 shares during the quarter. US Bancorp DE’s holdings in Autoliv were worth $311,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 204 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Autoliv during the first quarter worth $637,000. Impax Asset Management Group plc lifted its holdings in shares of Autoliv by 11.9% during the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company’s stock worth $7,461,000 after purchasing an additional 8,953 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Autoliv by 7.3% during the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company’s stock worth $6,686,000 after purchasing an additional 5,137 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Autoliv by 56.4% during the first quarter. Teacher Retirement System of Texas now owns 122,759 shares of the auto parts company’s stock worth $10,858,000 after purchasing an additional 44,276 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group raised their target price on Autoliv from $103.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Royal Bank Of Canada assumed coverage on Autoliv in a report on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 target price for the company. BNP Paribas Exane raised Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Friday, May 9th. Robert W. Baird reduced their target price on Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen raised Autoliv from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.64.

Insider Buying and Selling

In related news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the sale, the director owned 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Autoliv Trading Up 2.4%

Shares of ALV stock opened at $118.83 on Thursday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $118.98. The stock has a market cap of $9.13 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.20 and a beta of 1.39. The business has a fifty day simple moving average of $113.07 and a 200-day simple moving average of $100.48. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share. On average, analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a dividend of $0.85 per share. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.9%. This is a boost from Autoliv’s previous quarterly dividend of $0.70. Autoliv’s dividend payout ratio (DPR) is 30.63%.

Autoliv announced that its board has approved a share repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the auto parts company to buy up to 31.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.