Autoliv Inc. (ALV) Shares Sold by Fmr LLC

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Fmr LLC lowered its stake in shares of Autoliv Inc. (NYSE:ALV) by 16.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,883,399 shares of the auto parts company’s stock after selling 366,843 shares during the quarter. Fmr LLC owned about 2.16% of Autoliv worth $269,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALV. Legacy Advisors LLC acquired a new position in shares of Autoliv during the 2nd quarter valued at about $176,000. Engineers Gate Manager LP acquired a new position in shares of Autoliv during the 2nd quarter valued at about $201,000. GSA Capital Partners LLP acquired a new position in shares of Autoliv during the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC acquired a new stake in Autoliv during the 1st quarter worth approximately $282,000. Finally, Phoenix Investment Adviser LLC increased its position in Autoliv by 38.5% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 3,600 shares of the auto parts company’s stock worth $371,000 after purchasing an additional 1,000 shares in the last quarter. 40.17% of the stock is owned by institutional investors.

Shares of NYSE:ALV opened at $82.84 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 0.97. Autoliv Inc. has a 52-week low of $75.99 and a 52-week high of $115.37. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.66 and a beta of 1.22.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 26th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.23). Autoliv had a net margin of 3.52% and a return on equity of 17.98%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the business earned $1.64 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Autoliv Inc. will post 7.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.99%. The ex-dividend date is Tuesday, November 20th. Autoliv’s dividend payout ratio (DPR) is 37.69%.

In other Autoliv news, Director Jan Carlson sold 42,589 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the sale, the director now owns 53,579 shares of the company’s stock, valued at $4,796,927.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

A number of analysts recently issued reports on ALV shares. Robert W. Baird downgraded shares of Autoliv from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Evercore ISI downgraded shares of Autoliv to a “hold” rating and set a $90.00 target price for the company. in a research report on Friday, October 12th. Jefferies Financial Group set a $100.00 target price on shares of Autoliv and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, Wolfe Research started coverage on shares of Autoliv in a research report on Tuesday, October 2nd. They set an “underperform” rating for the company. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and an average target price of $113.62.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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