Engineers Gate Manager LP Trims Stock Position in Autoliv, Inc. $ALV

Engineers Gate Manager LP cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 58.9% during the second quarter, HoldingsChannel.com reports. The fund owned 46,419 shares of the auto parts company’s stock after selling 66,530 shares during the quarter. Engineers Gate Manager LP’s holdings in Autoliv were worth $5,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Autoliv by 11.0% during the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 82 shares during the period. CIBC Private Wealth Group LLC raised its position in Autoliv by 5.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Autoliv by 21.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 98 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Autoliv by 5.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock worth $214,000 after buying an additional 99 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Autoliv by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock worth $1,482,000 after buying an additional 100 shares during the period. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the topic of several research reports. Wells Fargo & Company raised their price target on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. TD Cowen lowered shares of Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $148.00 to $137.00 in a research note on Tuesday. Royal Bank Of Canada dropped their target price on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $135.20.

Autoliv Stock Performance

Shares of Autoliv stock opened at $121.27 on Friday. The company has a market capitalization of $8.88 billion, a PE ratio of 14.28, a P/E/G ratio of 0.97 and a beta of 1.36. The company has a 50-day simple moving average of $121.60 and a two-hundred day simple moving average of $117.85. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03.

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

Autoliv Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s payout ratio is presently 40.99%.

About Autoliv

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.