State of Wyoming Sells 5,753 Shares of Autoliv, Inc. $ALV

State of Wyoming reduced its stake in Autoliv, Inc. (NYSE:ALV) by 83.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,146 shares of the auto parts company’s stock after selling 5,753 shares during the period. State of Wyoming’s holdings in Autoliv were worth $121,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Autoliv by 56.8% during the 1st quarter. Cetera Investment Advisers now owns 9,566 shares of the auto parts company’s stock valued at $1,006,000 after purchasing an additional 3,464 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Autoliv by 3.1% in the first quarter. First Trust Advisors LP now owns 24,237 shares of the auto parts company’s stock worth $2,549,000 after buying an additional 730 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $205,270,000 after buying an additional 70,424 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Autoliv by 77.4% in the first quarter. Parallel Advisors LLC now owns 1,400 shares of the auto parts company’s stock worth $147,000 after buying an additional 611 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Autoliv by 3.9% during the first quarter. California Public Employees Retirement System now owns 159,495 shares of the auto parts company’s stock valued at $16,772,000 after buying an additional 5,966 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ALV shares. Wells Fargo & Company lifted their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Royal Bank Of Canada cut their target price on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Bank of America assumed coverage on shares of Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $135.93.

Autoliv Stock Down 0.7%

NYSE:ALV opened at $123.32 on Friday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The stock has a fifty day simple moving average of $122.10 and a 200-day simple moving average of $118.51.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The firm 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 business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.21 EPS. Analysts anticipate that Autoliv, Inc. will post 10.11 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 40.99%.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. The trade was a 24.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.