8,800 Autoliv, Inc. $ALV Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its position in Autoliv, Inc. (NYSE:ALV) by 3.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 277,000 shares of the auto parts company’s stock after selling 8,800 shares during the period. Autoliv accounts for approximately 1.1% of Hennessy Advisors Inc.’s portfolio, making the stock its 20th biggest holding. Hennessy Advisors Inc. owned approximately 0.38% of Autoliv worth $30,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Fifth Third Wealth Advisors LLC grew its holdings in shares of Autoliv by 4.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,127 shares of the auto parts company’s stock worth $238,000 after buying an additional 88 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Autoliv by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock worth $1,482,000 after acquiring an additional 100 shares during the last quarter. James T. Borello RIA boosted its position in Autoliv by 0.7% during the third quarter. James T. Borello RIA now owns 13,746 shares of the auto parts company’s stock worth $1,538,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC grew its stake in Autoliv by 16.5% during the 2nd quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 140 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Autoliv by 6.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,763 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Down 0.1%

ALV stock opened at $117.48 on Monday. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The firm has a market cap of $8.46 billion, a PE ratio of 14.09, a PEG ratio of 0.98 and a beta of 1.39. The firm’s 50 day moving average price is $117.17 and its 200-day moving average price is $118.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.02.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 23rd. The auto parts company reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv, Inc. will post 9.98 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is presently 41.73%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. TD Cowen lowered Autoliv from a “buy” rating to a “hold” rating and dropped their price target for the company from $148.00 to $137.00 in a research report on Tuesday, September 8th. Royal Bank Of Canada cut their price target on Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Finally, Jefferies Financial Group reduced their price objective on Autoliv from $134.00 to $119.00 and set a “hold” rating on the stock in a research report on Tuesday, September 22nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.92.

About Autoliv

Autoliv, Inc (NYSE: ALV) develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.