Hennessy Advisors Inc. Sells 8,800 Shares of Autoliv, Inc. $ALV

Hennessy Advisors Inc. lowered its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 277,000 shares of the auto parts company’s stock after selling 8,800 shares during the period. Autoliv makes up approximately 1.1% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 20th largest position. Hennessy Advisors Inc.’s holdings in Autoliv were worth $30,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Reyes Financial Architecture Inc. acquired a new stake in Autoliv in the 3rd quarter valued at approximately $32,000. Root Financial Partners LLC acquired a new position in Autoliv during the third quarter worth $39,000. Global Retirement Partners LLC acquired a new position in Autoliv during the second quarter worth $60,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Autoliv during the second quarter worth $62,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Autoliv during the second quarter worth $69,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 0.1%

Shares of NYSE ALV opened at $117.48 on Monday. The stock has a market cap of $8.46 billion, a P/E ratio of 14.09, a PEG ratio of 0.98 and a beta of 1.39. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The business’s fifty day simple moving average is $117.17 and its 200-day simple moving average is $118.37.

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

Autoliv Dividend Announcement

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

Analyst Ratings Changes

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

Autoliv Profile

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.