Autoliv, Inc. $ALV Stock Sold by First Citizens Bank & Trust Co.

by · The Markets Daily

First Citizens Bank & Trust Co. trimmed its position in shares of Autoliv, Inc. (NYSE:ALV – Free Report) by 59.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,349 shares of the auto parts company’s stock after selling 7,867 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Autoliv were worth $598,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Autoliv during the 2nd quarter valued at $573,245,000. Dimensional Fund Advisors LP increased its stake in Autoliv by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after purchasing an additional 70,424 shares during the period. Wellington Management Group LLP lifted its position in Autoliv by 21.4% in the second quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock valued at $95,444,000 after purchasing an additional 145,013 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Autoliv by 19.0% in the first quarter. Bank of New York Mellon Corp now owns 565,623 shares of the auto parts company’s stock valued at $59,481,000 after purchasing an additional 90,412 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in Autoliv in the second quarter valued at approximately $33,456,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of ALV stock opened at $116.06 on Friday. The business’s fifty day moving average is $118.26 and its 200 day moving average is $118.73. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.92 and a beta of 1.39. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17.

Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is currently 40.99%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALV. Wells Fargo & Company raised their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Jefferies Financial Group dropped their price target on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. TD Cowen cut shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price objective for the company from $148.00 to $137.00 in a research report on Tuesday, September 8th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $134.85.

View Our Latest Research Report on Autoliv

Autoliv Company Profile

(Free Report)

Autoliv, Inc (NYSE: ALV) is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.

Further Reading

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