Acadian Asset Management LLC Decreases Stake in Autoliv, Inc. (NYSE:ALV)

Acadian Asset Management LLC decreased its holdings in Autoliv, Inc. (NYSE:ALV) by 29.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,044 shares of the auto parts company’s stock after selling 1,296 shares during the period. Acadian Asset Management LLC’s holdings in Autoliv were worth $325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KRS Capital Management LLC lifted its stake in shares of Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System lifted its position in Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Autoliv by 62.7% in the 2nd 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. Corient Private Wealth LLC grew its position in Autoliv by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after acquiring an additional 107 shares in the last quarter. Finally, Smithfield Trust Co raised its stake in shares of Autoliv by 12.1% during the first quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 144 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Stock Up 0.8 %

ALV stock opened at $96.53 on Friday. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.65 and a beta of 1.60. Autoliv, Inc. has a 1-year low of $89.37 and a 1-year high of $129.38. The firm has a fifty day moving average price of $99.32 and a two-hundred day moving average price of $111.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73.

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

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Analysts Set New Price Targets

ALV has been the subject of several analyst reports. Citigroup decreased their target price on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Evercore ISI reduced their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Bank of America dropped their price objective on Autoliv from $145.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.79.

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.