Engineers Gate Manager LP Sells 66,530 Shares of Autoliv, Inc. $ALV

by · The Markets Daily

Engineers Gate Manager LP reduced its position in Autoliv, Inc. (NYSE:ALV – Free Report) by 58.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,419 shares of the auto parts company’s stock after selling 66,530 shares during the period. Engineers Gate Manager LP owned 0.06% of Autoliv worth $5,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALV. California State Teachers Retirement System increased its stake in Autoliv by 10,715.3% in the 2nd quarter. California State Teachers Retirement System now owns 8,691,259 shares of the auto parts company’s stock worth $1,009,664,000 after acquiring an additional 8,610,898 shares during the last quarter. BlackRock Inc. bought a new position in shares of Autoliv during the 2nd quarter valued at approximately $573,245,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Autoliv by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after purchasing an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Autoliv by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after purchasing an additional 70,424 shares in the last quarter. Finally, LSV Asset Management increased its position in Autoliv by 6.5% in the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock worth $199,607,000 after purchasing an additional 101,922 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALV. Royal Bank Of Canada lowered their price objective on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a report on Monday, June 15th. TD Cowen lowered Autoliv from a “buy” rating to a “hold” rating and dropped their price target for the stock from $148.00 to $137.00 in a research report on Tuesday. UBS Group boosted their price objective on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.20.

Read Our Latest Research Report on Autoliv

Autoliv Stock Performance

Autoliv stock opened at $121.27 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17. The firm has a market capitalization of $8.88 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The company’s 50-day moving average is $121.60 and its 200 day moving average is $117.85.

Autoliv (NYSE:ALV – Get Free Report) last announced its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. Research analysts forecast that Autoliv, Inc. will post 10.04 EPS for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s payout ratio is currently 40.99%.

Autoliv Profile

(Free Report)

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.

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