Hancock Whitney Corp Sells 14,923 Shares of Autoliv, Inc. (NYSE:ALV)

Hancock Whitney Corp lessened its position in Autoliv, Inc. (NYSE:ALV) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 86,655 shares of the auto parts company’s stock after selling 14,923 shares during the period. Hancock Whitney Corp’s holdings in Autoliv were worth $8,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC increased its stake in shares of Autoliv by 96.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company’s stock worth $3,454,000 after purchasing an additional 14,074 shares during the period. Swedbank AB lifted its holdings in shares of Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after buying an additional 402,426 shares during the last quarter. BDF Gestion bought a new stake in shares of Autoliv in the second quarter valued at approximately $1,284,000. Marshall Wace LLP grew its stake in shares of Autoliv by 35.8% in the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock worth $29,186,000 after acquiring an additional 71,931 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Autoliv during the second quarter worth $236,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

ALV has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Bank of America cut their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Up 1.1 %

Shares of NYSE ALV opened at $99.99 on Monday. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The business has a fifty day moving average of $95.63 and a two-hundred day moving average of $103.71. The stock has a market cap of $7.87 billion, a PE ratio of 12.88, a PEG ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). The firm had revenue of $2.56 billion for 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 company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 earnings per share. As a group, equities research analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.80%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is 35.42%.

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.