Hancock Whitney Corp Has $8.09 Million Stake in Autoliv, Inc. (NYSE:ALV)

Hancock Whitney Corp cut its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 14.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,655 shares of the auto parts company's stock after selling 14,923 shares during the quarter. Hancock Whitney Corp owned about 0.11% of Autoliv worth $8,091,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Quarry LP lifted its position in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after acquiring an additional 207 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after purchasing an additional 117 shares during the period. Picton Mahoney Asset Management bought a new position in Autoliv in the 2nd quarter worth approximately $156,000. Finally, Wahed Invest LLC increased its position in Autoliv by 13.6% during the first quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company's stock worth $175,000 after acquiring an additional 174 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Autoliv Price Performance

ALV stock traded up $2.68 during trading on Monday, hitting $101.57. 1,071,600 shares of the stock traded hands, compared to its average volume of 705,866. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 0.89 and a beta of 1.59. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $95.63 and a 200 day simple moving average of $103.71.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. Equities analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.76%. This is a positive change from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is currently 35.42%.

Analyst Upgrades and Downgrades

ALV has been the topic of several research reports. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Barclays decreased their price objective on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $120.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has an average rating of "Moderate Buy" and a consensus price target of $122.77.

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.