UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 16,072 Shares of Autoliv, Inc. $ALV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 266,882 shares of the auto parts company’s stock after selling 16,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Autoliv were worth $31,004,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Navellier & Associates Inc. bought a new stake in shares of Autoliv in the second quarter valued at $1,965,000. Wellington Management Group LLP grew its stake in shares of Autoliv by 21.4% during the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock worth $95,444,000 after acquiring an additional 145,013 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Autoliv during the 2nd quarter worth $8,335,000. Empowered Funds LLC bought a new position in shares of Autoliv during the 2nd quarter worth $2,929,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Autoliv in the 2nd quarter worth about $223,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen reduced their target price on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Wells Fargo & Company upped their price target on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Insiders Place Their Bets

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the sale, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Autoliv Stock Up 3.3%

Shares of NYSE ALV opened at $125.15 on Friday. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The business has a 50-day simple moving average of $120.90 and a two-hundred day simple moving average of $117.90. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $9.17 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.97 and a beta of 1.36.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $3.48 annualized dividend and a yield of 2.8%. Autoliv’s payout ratio is currently 40.99%.

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.