Autoliv, Inc. (NYSE:ALV) Shares Sold by Lancaster Investment Management

Lancaster Investment Management reduced its stake in Autoliv, Inc. (NYSE:ALV) by 7.5% in the third quarter, HoldingsChannel.com reports. The fund owned 483,089 shares of the auto parts company’s stock after selling 38,930 shares during the quarter. Autoliv accounts for 28.3% of Lancaster Investment Management’s portfolio, making the stock its 2nd biggest position. Lancaster Investment Management’s holdings in Autoliv were worth $45,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its position in Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after purchasing an additional 205,241 shares during the period. Dimensional Fund Advisors LP raised its position in Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after acquiring an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Autoliv by 21.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after acquiring an additional 207,521 shares in the last quarter. Caxton Associates LP raised its position in Autoliv by 121.9% in the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after acquiring an additional 377,233 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after acquiring an additional 281,956 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on ALV shares. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. HSBC started coverage on Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 target price on the stock. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Friday. Hsbc Global Res raised Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target for the company. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Down 0.8 %

ALV stock opened at $98.84 on Friday. The stock’s 50 day moving average is $95.34 and its 200-day moving average is $105.49. The firm has a market capitalization of $7.78 billion, a PE ratio of 12.87, a P/E/G ratio of 0.85 and a beta of 1.59. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. Sell-side analysts expect that Autoliv, Inc. will post 8.22 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.75%. Autoliv’s payout ratio is 35.42%.

About Autoliv

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.