Hancock Whitney Corp Sells 80,721 Shares of Autoliv, Inc. (NYSE:ALV)

Hancock Whitney Corp trimmed its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 93.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,934 shares of the auto parts company's stock after selling 80,721 shares during the quarter. Hancock Whitney Corp's holdings in Autoliv were worth $557,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALV. Barclays PLC boosted its holdings in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock worth $2,821,000 after purchasing an additional 8,859 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Autoliv during the 3rd quarter valued at about $1,684,000. JPMorgan Chase & Co. increased its stake in Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock worth $25,800,000 after buying an additional 76,510 shares during the period. Fortem Financial Group LLC increased its position in shares of Autoliv by 3.5% during the fourth quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company's stock worth $633,000 after acquiring an additional 228 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its position in shares of Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company's stock worth $595,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Stock Performance

Shares of ALV traded up $0.13 during mid-day trading on Wednesday, reaching $93.31. The company's stock had a trading volume of 672,431 shares, compared to its average volume of 816,063. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38. The stock has a market cap of $7.21 billion, a P/E ratio of 11.56, a PEG ratio of 0.73 and a beta of 1.47. The business has a 50-day simple moving average of $89.72 and a two-hundred day simple moving average of $94.15. 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 (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter last year, the business earned $1.58 EPS. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were paid a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. Autoliv's payout ratio is 32.22%.

Insiders Place Their Bets

In related news, EVP Per Jonas Jademyr sold 401 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the sale, the executive vice president now owns 685 shares of the company's stock, valued at $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the transaction, the insider now owns 6,142 shares of the company's stock, valued at $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of research reports. HSBC lowered Autoliv from a "buy" rating to a "hold" rating and lowered their target price for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Pareto Securities cut Autoliv to a "hold" rating in a report on Monday, February 3rd. Robert W. Baird cut their target price on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Autoliv 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.