Holocene Advisors LP Sells 232,475 Shares of Autoliv, Inc. (NYSE:ALV)

Holocene Advisors LP lowered its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 76.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,588 shares of the auto parts company’s stock after selling 232,475 shares during the period. Holocene Advisors LP owned about 0.09% of Autoliv worth $6,591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. Quarry LP lifted its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the period. Fred Alger Management LLC bought a new position in Autoliv during the third quarter worth about $45,000. Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in Autoliv during the 2nd quarter worth $156,000. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ALV shares. Wells Fargo & Company cut their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Barclays reduced their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Bank of America lowered their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Shares of NYSE ALV opened at $97.15 on Wednesday. The firm has a market capitalization of $7.65 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The firm’s 50-day moving average price is $96.25 and its 200-day moving average price is $102.46. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.88%. Autoliv’s dividend payout ratio (DPR) is currently 36.46%.

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.