Meyer Handelman Co. Lowers Stock Position in Autoliv, Inc. (NYSE:ALV)

Meyer Handelman Co. decreased its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,236 shares of the auto parts company's stock after selling 2,691 shares during the period. Meyer Handelman Co.'s holdings in Autoliv were worth $1,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. GAMMA Investing LLC boosted its position in shares of Autoliv by 19,615.1% during the 1st quarter. GAMMA Investing LLC now owns 32,727 shares of the auto parts company's stock valued at $2,895,000 after purchasing an additional 32,561 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Autoliv in the 4th quarter valued at about $2,550,000. Public Employees Retirement System of Ohio bought a new stake in Autoliv during the 4th quarter valued at $165,000. Two Sigma Advisers LP grew its holdings in Autoliv by 2.5% during the 4th quarter. Two Sigma Advisers LP now owns 44,600 shares of the auto parts company's stock valued at $4,183,000 after buying an additional 1,100 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Autoliv by 1.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 61,398 shares of the auto parts company's stock worth $5,759,000 after buying an additional 800 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

ALV stock traded up $1.40 during trading on Tuesday, hitting $102.71. 544,242 shares of the stock traded hands, compared to its average volume of 818,789. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.73 and a beta of 1.36. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a one year low of $75.49 and a one year high of $128.66. The company has a 50 day simple moving average of $92.32 and a 200 day simple moving average of $94.60.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. The company had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same period last year, the firm posted $1.58 earnings per share. Equities analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 2.73%. Autoliv's payout ratio is 32.22%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALV. Robert W. Baird reduced their price objective on Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their target price on Autoliv from $82.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Cowen assumed coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Finally, Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv currently has an average rating of "Moderate Buy" and a consensus target price of $114.00.

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.