Autoliv, Inc. (NYSE:ALV) is seeing a significant decrease in short interest

Autoliv, Inc. (NYSE:ALV – Get Free Report ) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,790,000 shares, a decrease of 15.2% from the August 15th total of 3,290,000 shares. About 3.5% of the stock’s shares are sold short. Based on an average daily trading volume of 854,800 shares, the days-to-cover ratio is currently 3.3 days.

Autoliv trading down 1.4%

NYSE ALV traded down $1.35 during trading hours on Wednesday, hitting $95.69. 385,198 shares of the company’s stock were exchanged, compared to its average volume of 661,333. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.65 and a beta of 1.60. The stock has a 50-day simple moving average of $99.79 and a 200-day simple moving average of $111.77. The company has a current ratio of 0.98, a quick ratio of 0.73, and a debt-to-equity ratio of 0.67. Autoliv has a 1 year low of $89.37 and a 1 year high of $129.38.

Autoliv (NYSE:ALV – Get Free Report ) last announced its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $1.93 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Autoliv will post 9.05 EPS for the current fiscal year.

Autoliv dividend announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be given a $0.68 dividend. This represents an annualized dividend of $2.72 and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 4. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

Hedge funds influence Autoliv

Institutional investors have recently made changes to their positions in the stock. KRS Capital Management LLC boosted its holdings in shares of Autoliv by 3.7% in the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Pensions System boosted its holdings in Autoliv by 0.6% in the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its stake in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Autoliv by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after purchasing an additional 107 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s shares.

The Wall Street analyst weighs in

A number of research analysts have recently commented on ALV shares. Evercore ISI decreased their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. BNP Paribas began coverage on shares of Autoliv in a research note on Tuesday, June 18th. They set a “neutral” rating on the stock. UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and upped their target price for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Finally, HSBC assumed coverage on Autoliv in a research report on Monday, July 15th. They set a “buy” rating and a $134.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $124.79, based on data from MarketBeat.com.

See our latest review on Autoliv

Autoliv company profile

(Get a free report)

Autoliv, Inc, through its subsidiaries, develops, manufactures and supplies passive safety systems to the automotive industry in Europe, America, China, Japan and the rest of Asia. It offers passive safety systems, including modules and components for frontal impact airbag protection systems, side airbag protection systems, seat belts, steering wheels and inflation technologies.

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