Hancock Whitney Corp Sells 80,721 Shares of Autoliv, Inc. (NYSE:ALV)

Hancock Whitney Corp trimmed its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,934 shares of the auto parts company's stock after selling 80,721 shares during the period. Hancock Whitney Corp's holdings in Autoliv were worth $557,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its position in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP purchased a new stake in Autoliv in the fourth quarter worth $50,000. Physician Wealth Advisors Inc. purchased a new stake in Autoliv in the fourth quarter worth $57,000. Finally, CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock valued at $235,000 after acquiring an additional 124 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ALV shares. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Cowen began coverage on Autoliv in a report on Thursday, March 6th. They issued a "buy" rating for the company. Finally, Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.00.

Autoliv Price Performance

Shares of NYSE:ALV opened at $91.04 on Friday. The business has a 50-day simple moving average of $89.97 and a two-hundred day simple moving average of $94.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same period in the previous year, the business earned $1.58 EPS. On average, analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.08%. Autoliv's dividend payout ratio (DPR) is 32.22%.

Insider Activity

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now owns 685 shares of the company's stock, valued at $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock valued at $915,534 in the last 90 days. Company insiders own 0.30% of the company's stock.

Autoliv 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.

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