M&T Bank Corp trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,257 shares of the auto parts company’s stock after selling 340 shares during the quarter. M&T Bank Corp’s holdings in Autoliv were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after buying an additional 414 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Autoliv by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Autoliv by 34.8% during the 1st quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 500 shares in the last quarter. 32.76% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently commented on ALV shares. Mizuho increased their target price on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 15th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Bank of America Corporation cut their price target on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $119.00 price target on shares of Autoliv in a research report on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $112.29.

Autoliv, Inc. (NYSE:ALV) opened at 123.60 on Monday. The company’s 50-day moving average is $109.98 and its 200-day moving average is $107.14. Autoliv, Inc. has a 52-week low of $93.31 and a 52-week high of $127.72. The firm has a market capitalization of $10.74 billion, a P/E ratio of 19.53 and a beta of 1.14.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. Autoliv’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. On average, analysts predict that Autoliv, Inc. will post $6.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 1.94%. Autoliv’s dividend payout ratio (DPR) is 37.97%.

In related news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Autoliv Company Profile

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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