Legal & General Group Plc Cuts Stock Holdings in Autoliv, Inc. $ALV

Legal & General Group Plc reduced its stake in Autoliv, Inc. (NYSE:ALV) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 107,729 shares of the auto parts company’s stock after selling 26,398 shares during the quarter. Legal & General Group Plc’s holdings in Autoliv were worth $12,787,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Torren Management LLC bought a new position in shares of Autoliv during the 4th quarter valued at about $25,000. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Quarry LP bought a new stake in shares of Autoliv in the third quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Autoliv in the third quarter worth about $37,000. Finally, Allworth Financial LP lifted its position in shares of Autoliv by 298.8% in the fourth quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock worth $39,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALV shares. Royal Bank Of Canada raised their price target on Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Bank of America started coverage on Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price for the company. Robert W. Baird raised their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, TD Cowen decreased their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.00.

Autoliv Stock Up 3.1%

Shares of NYSE:ALV opened at $131.68 on Wednesday. The firm has a market capitalization of $9.86 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.85 and a beta of 1.33. The business has a 50 day simple moving average of $114.60 and a two-hundred day simple moving average of $117.97. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts predict that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.