Autoliv, Inc. $ALV Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its stake in Autoliv, Inc. (NYSE:ALV) by 10.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 75,701 shares of the auto parts company’s stock after selling 8,657 shares during the period. Impax Asset Management Group plc owned about 0.10% of Autoliv worth $8,471,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Autoliv during the first quarter worth $1,029,000. Entropy Technologies LP acquired a new stake in shares of Autoliv in the first quarter valued at $407,000. Charles Schwab Investment Management Inc. lifted its stake in Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after acquiring an additional 2,004,515 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Autoliv during the 1st quarter worth about $1,300,000. Finally, Northern Trust Corp boosted its holdings in Autoliv by 1.3% during the 1st quarter. Northern Trust Corp now owns 501,403 shares of the auto parts company’s stock valued at $44,349,000 after acquiring an additional 6,215 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 1.3%

ALV stock opened at $122.93 on Friday. The company’s 50 day moving average price is $122.01 and its 200 day moving average price is $114.53. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.88 and a beta of 1.35. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Autoliv’s payout ratio is presently 35.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALV. UBS Group reiterated an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Autoliv from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Finally, Barclays boosted their price target on shares of Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.