Hancock Whitney Corp Sells 3,057 Shares of Autoliv, Inc. $ALV

Hancock Whitney Corp trimmed its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 51.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,877 shares of the auto parts company's stock after selling 3,057 shares during the period. Hancock Whitney Corp's holdings in Autoliv were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALV. SouthState Corp acquired a new stake in shares of Autoliv during the 1st quarter worth approximately $25,000. GAMMA Investing LLC increased its stake in shares of Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 204 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Autoliv in the 1st quarter valued at $44,000. Signaturefd LLC raised its holdings in shares of Autoliv by 63.4% during the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after buying an additional 263 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after buying an additional 515 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ALV. Royal Bank Of Canada initiated coverage on Autoliv in a research note on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price for the company. Jefferies Financial Group started coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 price objective for the company. Mizuho boosted their target price on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Barclays reiterated an "overweight" rating and set a $135.00 price target (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Finally, Robert W. Baird cut their price objective on Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.92.

Autoliv Trading Down 0.9%

NYSE ALV traded down $1.16 on Friday, reaching $126.49. The company had a trading volume of 184,298 shares, compared to its average volume of 783,242. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.30 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $127.89. The business has a 50 day moving average of $118.43 and a two-hundred day moving average of $104.33.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. Analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv declared that its board has initiated a stock repurchase program on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.