Autoliv, Inc. (NYSE:ALV) Shares Sold by Lancaster Investment Management

Lancaster Investment Management decreased its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,089 shares of the auto parts company's stock after selling 38,930 shares during the quarter. Autoliv makes up about 28.3% of Lancaster Investment Management's portfolio, making the stock its 2nd biggest holding. Lancaster Investment Management owned approximately 0.61% of Autoliv worth $45,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC raised its holdings in Autoliv by 96.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company's stock valued at $3,454,000 after buying an additional 14,074 shares during the period. M&G Plc purchased a new stake in shares of Autoliv in the 1st quarter valued at approximately $1,431,000. Qsemble Capital Management LP acquired a new position in shares of Autoliv in the 1st quarter worth approximately $808,000. Swedbank AB boosted its position in shares of Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock worth $252,715,000 after purchasing an additional 402,426 shares during the period. Finally, BDF Gestion acquired a new stake in Autoliv in the 2nd quarter valued at approximately $1,284,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALV. Robert W. Baird raised their price target on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Barclays dropped their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Citigroup reduced their price target on shares of Autoliv from $119.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research assumed coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an "outperform" rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.77.

Autoliv Stock Performance

NYSE:ALV traded down $0.75 during trading hours on Friday, reaching $98.84. 758,881 shares of the company's stock were exchanged, compared to its average volume of 865,592. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.85 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a 50-day moving average of $95.34 and a 200 day moving average of $105.40.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly 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). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the business earned $1.66 EPS. The business's quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a yield of 2.75%. Autoliv's payout ratio is currently 35.42%.

Autoliv Company Profile

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.