Autoliv, Inc. $ALV Position Lowered by Leuthold Group LLC

Leuthold Group LLC reduced its stake in Autoliv, Inc. (NYSE:ALV) by 94.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,917 shares of the auto parts company’s stock after selling 49,772 shares during the period. Leuthold Group LLC’s holdings in Autoliv were worth $326,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in ALV. BlackRock Inc. purchased a new position in shares of Autoliv in the second quarter valued at $573,245,000. Bank of New York Mellon Corp purchased a new stake in Autoliv during the 2nd quarter worth about $65,124,000. ABN AMRO Bank N.V. purchased a new stake in Autoliv during the 2nd quarter worth about $33,456,000. Pacer Advisors Inc. lifted its holdings in Autoliv by 3,296.4% during the 1st quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock worth $29,863,000 after purchasing an additional 275,612 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Autoliv during the 2nd quarter worth about $19,203,000. Institutional investors own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Autoliv Stock Down 2.8%

ALV opened at $120.86 on Wednesday. The firm has a market capitalization of $8.70 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The company has a fifty day moving average price of $117.14 and a 200-day moving average price of $118.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.76.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the business posted $2.32 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that Autoliv, Inc. will post 9.98 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 20th. Autoliv’s payout ratio is presently 41.73%.

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.