Aristides Capital LLC Sells 132 Shares of Autoliv, Inc. (NYSE:ALV)

Aristides Capital LLC decreased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,151 shares of the auto parts company’s stock after selling 132 shares during the quarter. Aristides Capital LLC’s holdings in Autoliv were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. KRS Capital Management LLC raised its stake in shares of Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System grew its holdings 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 valued at $2,180,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Autoliv by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after buying an additional 107 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ALV shares. Citigroup lowered their target price on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Evercore ISI reduced 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. StockNews.com downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Wolfe Research started coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.71.

Autoliv Price Performance

Shares of ALV stock opened at $93.37 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The firm has a market cap of $7.60 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.68 and a beta of 1.60. The business’s 50 day moving average price is $97.45 and its 200-day moving average price is $110.16. Autoliv, Inc. has a fifty-two week low of $89.37 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings results 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 return on equity of 30.05% and a net margin of 5.91%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company earned $1.93 earnings per share. Autoliv’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv, Inc. will post 8.61 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Autoliv 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.