Zurcher Kantonalbank Zurich Cantonalbank Sells 357,201 Shares of Autoliv, Inc. (NYSE:ALV)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Autoliv, Inc. (NYSE:ALV) by 77.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,924 shares of the auto parts company’s stock after selling 357,201 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of Autoliv worth $9,610,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Autoliv by 62.7% in the 2nd 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 grew its position in shares of Autoliv by 133.5% in the second 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 last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Autoliv during the 2nd quarter worth about $156,000. Finally, Rothschild Investment LLC bought a new stake in Autoliv during the 2nd quarter valued at approximately $209,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the topic of several recent analyst reports. Bank of America dropped their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target for the company. Wells Fargo & Company dropped their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Finally, Robert W. Baird lifted their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Autoliv stock opened at $99.12 on Monday. The business has a 50 day simple moving average of $96.03 and a 200 day simple moving average of $103.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $7.81 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (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 company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. 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.