Amalgamated Bank Has $3.49 Million Position in Autoliv, Inc. (NYSE:ALV)

Amalgamated Bank decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,640 shares of the auto parts company’s stock after selling 3,420 shares during the period. Amalgamated Bank’s holdings in Autoliv were worth $3,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ALV. Swedbank AB increased its position in shares of Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after acquiring an additional 402,426 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after purchasing an additional 40,957 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Autoliv by 41.0% in the fourth quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after purchasing an additional 278,800 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Autoliv by 20.5% in the first quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock valued at $114,716,000 after purchasing an additional 162,319 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Autoliv during the fourth quarter valued at approximately $91,065,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $92.85 on Monday. The company’s 50 day moving average is $98.98 and its 200-day moving average is $111.29. The firm has a market cap of $7.56 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Autoliv, Inc. has a 12-month low of $89.37 and a 12-month high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.

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

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s payout ratio is presently 42.43%.

Analyst Ratings Changes

Several brokerages have weighed in on ALV. Wells Fargo & Company dropped their price objective on Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday. 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 target on the stock. Evercore ISI decreased their price objective on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Barclays cut their target price on Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.71.

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.