State of Wyoming Reduces Stock Holdings in Autoliv, Inc. $ALV

State of Wyoming reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 83.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,146 shares of the auto parts company’s stock after selling 5,753 shares during the quarter. State of Wyoming’s holdings in Autoliv were worth $121,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv during the first quarter valued at about $412,000. NewEdge Advisors LLC boosted its stake in Autoliv by 11.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares in the last quarter. Jones Financial Companies Lllp grew its position in Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock worth $937,000 after purchasing an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after purchasing an additional 89,918 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Autoliv by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director directly owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE ALV opened at $123.32 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17. The company has a 50 day simple moving average of $122.10 and a two-hundred day simple moving average of $118.51. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.98 and a beta of 1.35.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. As a group, analysts predict that Autoliv, Inc. will post 10.11 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s payout ratio is currently 40.99%.

Analyst Ratings Changes

ALV has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a report on Monday, June 15th. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Finally, UBS Group lifted their price target on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and a consensus target price of $135.93.

Autoliv 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.