Leuthold Group LLC Sells 49,772 Shares of Autoliv, Inc. $ALV

Leuthold Group LLC decreased its holdings in Autoliv, Inc. (NYSE:ALV) by 94.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,917 shares of the auto parts company’s stock after selling 49,772 shares during the quarter. Leuthold Group LLC’s holdings in Autoliv were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ALV. BlackRock Inc. bought a new stake in Autoliv during the 2nd quarter worth approximately $573,245,000. Dimensional Fund Advisors LP raised its stake in shares of Autoliv by 3.7% in the first 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 last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 in the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in shares of Autoliv in the second quarter valued at approximately $33,456,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Trading Down 2.8%

NYSE:ALV opened at $120.86 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.02. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The firm has a 50-day moving average price of $117.14 and a two-hundred day moving average price of $118.24.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 23rd. The auto parts company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business earned $2.32 EPS. Autoliv’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Autoliv, Inc. will post 9.98 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 20th. Autoliv’s dividend payout ratio (DPR) is presently 41.73%.

Analyst Ratings Changes

Several brokerages recently issued reports on ALV. Weiss Ratings cut Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Royal Bank Of Canada lowered their price target on Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. TD Cowen cut Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $148.00 to $137.00 in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group cut their price objective on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating on the stock in a report on Tuesday, September 22nd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.92.

Autoliv Profile

Autoliv, Inc. develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash. The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.