Hancock Whitney Corp Cuts Stock Position in Autoliv, Inc. $ALV

Hancock Whitney Corp trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 51.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 institutional investors and hedge funds have also bought and sold shares of ALV. First Trust Advisors LP acquired a new stake in Autoliv during the 4th quarter valued at approximately $241,000. Bank of America Corp DE lifted its stake in Autoliv by 40.6% during the 4th quarter. Bank of America Corp DE now owns 145,934 shares of the auto parts company's stock valued at $13,687,000 after acquiring an additional 42,150 shares during the period. Captrust Financial Advisors lifted its stake in Autoliv by 6.8% during the 4th quarter. Captrust Financial Advisors now owns 2,433 shares of the auto parts company's stock valued at $228,000 after acquiring an additional 155 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Autoliv during the 4th quarter valued at approximately $2,718,000. Finally, Deutsche Bank AG lifted its stake in Autoliv by 2.3% during the 4th quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company's stock valued at $552,000 after acquiring an additional 135 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Down 1.2%

Shares of ALV stock traded down $1.54 on Friday, hitting $126.11. 369,815 shares of the stock traded hands, compared to its average volume of 515,025. The firm's 50-day moving average price is $118.60 and its two-hundred day moving average price is $104.56. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The stock has a market capitalization of $9.69 billion, a PE ratio of 13.80, a PEG ratio of 1.32 and a beta of 1.35. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last posted its 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. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. Autoliv's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv declared that its board has approved a share buyback plan on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to reacquire up to 31.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Autoliv in a report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price for the company. Robert W. Baird cut their price target on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Wells Fargo & Company boosted their price target on shares of Autoliv from $106.00 to $126.00 and gave the stock an "equal weight" rating in a report on Tuesday. UBS Group boosted their price target on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Barclays reaffirmed an "overweight" rating and set a $135.00 target price (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Two equities research 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.92.

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.