HighVista Strategies LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,200 shares of the auto parts company’s stock, valued at approximately $672,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position 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 worth $102,000 after buying an additional 117 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Autoliv by 2.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock worth $851,000 after purchasing an additional 156 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after acquiring an additional 162 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Autoliv by 2.3% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,930 shares of the auto parts company’s stock valued at $848,000 after buying an additional 175 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ALV has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.
Autoliv Price Performance
Shares of NYSE:ALV opened at $99.98 on Tuesday. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $96.17 and its 200-day moving average is $102.66. The firm has a market capitalization of $7.87 billion, a PE ratio of 13.02, a PEG ratio of 0.89 and a beta of 1.59.
Autoliv (NYSE:ALV – Get Free Report) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.66 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current year.
Autoliv Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.80%. Autoliv’s dividend payout ratio is presently 35.42%.
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.
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