MQS Management LLC Lowers Holdings in Autoliv, Inc. (NYSE:ALV)

MQS Management LLC trimmed its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 45.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,518 shares of the auto parts company's stock after selling 2,982 shares during the period. MQS Management LLC's holdings in Autoliv were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Autoliv in the fourth quarter valued at $67,916,000. Millennium Management LLC boosted its holdings in Autoliv by 292.3% in the fourth quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company's stock valued at $87,794,000 after purchasing an additional 854,212 shares during the period. Point72 Asset Management L.P. boosted its holdings in Autoliv by 403.8% in the fourth quarter. Point72 Asset Management L.P. now owns 987,896 shares of the auto parts company's stock valued at $75,653,000 after purchasing an additional 791,811 shares during the period. Vanguard Group Inc. boosted its holdings in Autoliv by 21.0% in the first quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company's stock valued at $138,693,000 after purchasing an additional 315,473 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Autoliv in the fourth quarter valued at $17,567,000. 57.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ALV opened at $100.96 on Friday. Autoliv, Inc. has a twelve month low of $65.74 and a twelve month high of $103.99. The stock's 50 day moving average is $89.79 and its two-hundred day moving average is $89.11. The firm has a market capitalization of $8.62 billion, a PE ratio of 22.54, a P/E/G ratio of 0.52 and a beta of 1.70. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.52. Autoliv had a return on equity of 19.67% and a net margin of 3.98%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. Research analysts anticipate that Autoliv, Inc. will post 6.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Wednesday, May 24th. Autoliv's dividend payout ratio is presently 58.93%.

In other news, Director Jan Carlson sold 2,614 shares of the business's stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $88.98, for a total transaction of $232,593.72. Following the sale, the director now owns 77,493 shares of the company's stock, valued at approximately $6,895,327.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on Autoliv from $95.00 to $96.00 in a research note on Monday, July 10th. The Goldman Sachs Group cut their price target on Autoliv from $114.00 to $113.00 in a research note on Monday, April 24th. StockNews.com upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 29th. Bank of America cut their price target on Autoliv from $130.00 to $127.00 in a research note on Wednesday, June 7th. Finally, Barclays lifted their target price on Autoliv from $95.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $103.17.

View Our Latest Stock Report on 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.

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