Autoliv, Inc. (NYSE:ALV) Short Interest Down 15.2% in August

Autoliv, Inc. (NYSE:ALV) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 2,790,000 shares, a drop of 15.2% from the August 15th total of 3,290,000 shares. Based on an average trading volume of 854,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.5% of the company’s stock are short sold.

Autoliv Stock Performance

Shares of Autoliv stock traded down $1.35 during trading on Wednesday, reaching $95.69. The company’s stock had a trading volume of 385,198 shares, compared to its average volume of 661,333. 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 business’s 50-day moving average price is $99.79 and its 200-day moving average price is $111.77. Autoliv has a 52 week low of $89.37 and a 52 week high of $129.38. The firm has a market cap of $7.79 billion, a PE ratio of 15.14, a P/E/G ratio of 0.65 and a beta of 1.60.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm earned $1.93 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that Autoliv will post 9.05 earnings per share for the current year.

Autoliv Dividend Announcement

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 given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s dividend payout ratio is currently 42.43%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ALV shares. Robert W. Baird decreased their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. StockNews.com downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Wells Fargo & Company lowered their price target on Autoliv from $122.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Finally, Wolfe Research started coverage on Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and a consensus target price of $124.79.

Institutional Trading of Autoliv

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Autoliv by 62.7% in the second 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. Register Financial Advisors LLC bought a new stake in shares of Autoliv during the 1st quarter worth approximately $36,000. Quarry LP lifted its holdings in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the period. Parallel Advisors LLC boosted its position in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares in the last quarter. Finally, Rise Advisors LLC raised its position in Autoliv by 104.9% during the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 280 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

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.