Yousif Capital Management LLC Reduces Stock Position in Autoliv, Inc. (NYSE:ALV)

Yousif Capital Management LLC lessened its position in Autoliv, Inc. (NYSE:ALV) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,017 shares of the auto parts company’s stock after selling 2,424 shares during the period. Yousif Capital Management LLC’s holdings in Autoliv were worth $2,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Truist Financial Corp lifted its holdings in Autoliv by 13.8% in the 2nd quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock worth $335,000 after buying an additional 380 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Autoliv during the second quarter valued at approximately $402,000. SG Americas Securities LLC lifted its stake in Autoliv by 22.9% in the third quarter. SG Americas Securities LLC now owns 4,235 shares of the auto parts company’s stock worth $395,000 after acquiring an additional 789 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Autoliv by 12.0% in the third quarter. Wedge Capital Management L L P NC now owns 119,972 shares of the auto parts company’s stock valued at $11,202,000 after acquiring an additional 12,900 shares in the last quarter. Finally, Swedbank AB increased its position in Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 0.7 %

Shares of NYSE ALV opened at $93.32 on Monday. The firm’s 50 day moving average price is $96.09 and its 200-day moving average price is $96.66. 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 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market cap of $7.25 billion, a PE ratio of 11.56, a P/E/G ratio of 0.69 and a beta of 1.58.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, equities research analysts expect that Autoliv, Inc. will post 9.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALV has been the subject of several research analyst reports. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their price objective 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. Mizuho decreased their target price on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Robert W. Baird increased their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, 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. Eight 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.23.

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.