Autoliv, Inc. (NYSE:ALV) Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC trimmed its stake in shares of Autoliv, Inc. (NYSE:ALV) by 9.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,433 shares of the auto parts company’s stock after selling 250 shares during the period. KRS Capital Management LLC’s holdings in Autoliv were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its stake in 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 in the last quarter. Fred Alger Management LLC purchased a new position in Autoliv during the third quarter worth $45,000. Benjamin F. Edwards & Company Inc. increased its position in Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares in the last quarter. Farther Finance Advisors LLC increased its position in Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after buying an additional 2,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in Autoliv during the third quarter worth $222,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALV shares. Barclays dropped their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America lowered their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.62.

Autoliv Stock Up 0.3 %

Autoliv stock traded up $0.27 during midday trading on Friday, hitting $98.08. The stock had a trading volume of 427,438 shares, compared to its average volume of 480,165. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.62 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.68 and a beta of 1.59. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The business has a fifty day moving average price of $96.35 and a 200 day moving average price of $97.61.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). The firm 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 firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. Research analysts predict that Autoliv, Inc. will post 8.2 EPS for the current year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.85%. Autoliv’s dividend payout ratio is 36.46%.

Autoliv 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.