Federated Hermes Inc. Sells 526 Shares of Autoliv, Inc. (NYSE:ALV)

Federated Hermes Inc. reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,361 shares of the auto parts company’s stock after selling 526 shares during the quarter. Federated Hermes Inc.’s holdings in Autoliv were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ALV. Swedbank AB bought a new stake in Autoliv during the first quarter worth $235,996,000. Norges Bank purchased a new stake in Autoliv in the fourth quarter worth $91,065,000. Balyasny Asset Management L.P. increased its position in Autoliv by 169.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after buying an additional 477,800 shares during the last quarter. Caxton Associates LP increased its position in Autoliv by 121.9% in the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after buying an additional 377,233 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in 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 worth $105,596,000 after buying an additional 278,800 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Price Performance

Autoliv stock opened at $92.85 on Monday. Autoliv, Inc. has a 52 week low of $89.37 and a 52 week high of $129.38. The business has a 50-day simple moving average of $98.98 and a 200 day simple moving average of $111.29. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.65 and a beta of 1.60.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 19th. The auto parts company reported $1.87 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 business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. Autoliv’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts forecast that Autoliv, Inc. will post 9.05 earnings per share for the current fiscal year.

Autoliv Announces Dividend

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

Analyst Ratings Changes

ALV has been the subject of a number of recent research reports. BNP Paribas initiated coverage on Autoliv in a research report on Tuesday, June 18th. They issued a “neutral” rating for the company. Evercore ISI decreased their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. HSBC initiated coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 target price for the company. Wolfe Research initiated coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company 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.