Autoliv, Inc. (NYSE:ALV) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its position in Autoliv, Inc. (NYSE:ALV) by 29.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,044 shares of the auto parts company’s stock after selling 1,296 shares during the quarter. Acadian Asset Management LLC’s holdings in Autoliv were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ALV. Swedbank AB increased its position in Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after acquiring an additional 402,426 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Autoliv by 41.0% in the fourth quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after purchasing an additional 278,800 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Autoliv by 20.5% during the first quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock valued at $114,716,000 after purchasing an additional 162,319 shares during the period. Norges Bank acquired a new position in shares of Autoliv during the fourth quarter valued at $91,065,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Autoliv by 169.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock valued at $83,661,000 after purchasing an additional 477,800 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of recent analyst reports. Evercore ISI decreased their target price on shares of 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 cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Wells Fargo & Company dropped their target price on Autoliv from $122.00 to $103.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Bank of America decreased their price target on Autoliv from $145.00 to $133.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.79.

Autoliv Trading Up 0.8 %

NYSE:ALV opened at $96.53 on Friday. The stock has a fifty day simple moving average of $99.32 and a 200 day simple moving average of $111.55. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Autoliv, Inc. has a 1-year low of $89.37 and a 1-year high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that Autoliv, Inc. will post 9.05 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, September 4th. Autoliv’s payout ratio is 42.43%.

About Autoliv

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.