Fifth Third Bancorp Has $61,000 Holdings in Autoliv, Inc. (NYSE:ALV)

Fifth Third Bancorp cut its stake in Autoliv, Inc. (NYSE:ALV) by 52.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 693 shares of the auto parts company’s stock after selling 778 shares during the period. Fifth Third Bancorp’s holdings in Autoliv were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after buying an additional 134 shares during the period. GAMMA Investing LLC boosted its holdings in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 204 shares during the last quarter. Twin Tree Management LP acquired a new position in Autoliv during the fourth quarter worth $50,000. Physician Wealth Advisors Inc. acquired a new position in Autoliv during the fourth quarter worth $57,000. Finally, UMB Bank n.a. boosted its holdings in Autoliv by 188.6% during the first quarter. UMB Bank n.a. now owns 788 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 515 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the sale, the director now owns 77,493 shares of the company’s stock, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Autoliv Trading Down 0.8%

Shares of Autoliv stock opened at $109.39 on Friday. The business has a fifty day simple moving average of $99.05 and a two-hundred day simple moving average of $95.56. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $112.00. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.88 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.73.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. During the same quarter last year, the firm posted $1.58 EPS. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the auto parts company to buy up to 31.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 5th. This is an increase from Autoliv’s previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a yield of 3.11%. Autoliv’s dividend payout ratio (DPR) is 32.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ALV shares. Barclays increased their price objective on shares of Autoliv from $97.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. UBS Group increased their price objective on shares of Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Wall Street Zen raised Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Mizuho increased their price target on Autoliv from $95.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Cowen began coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $114.00.

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.