Centiva Capital LP Raises Holdings in Autoliv, Inc. (NYSE:ALV)

Centiva Capital LP raised its holdings in Autoliv, Inc. (NYSE:ALV) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,331 shares of the auto parts company’s stock after purchasing an additional 2,418 shares during the quarter. Centiva Capital LP’s holdings in Autoliv were worth $1,898,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALV. Paloma Partners Management Co purchased a new position in Autoliv during the third quarter worth about $654,000. Fred Alger Management LLC purchased a new position in shares of Autoliv during the 3rd quarter worth approximately $45,000. Verition Fund Management LLC increased its holdings in Autoliv by 733.2% in the 3rd quarter. Verition Fund Management LLC now owns 45,094 shares of the auto parts company’s stock valued at $4,210,000 after purchasing an additional 39,682 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Autoliv in the third quarter valued at approximately $1,251,000. Finally, FORA Capital LLC acquired a new position in Autoliv during the third quarter worth $2,101,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of ALV opened at $97.15 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The stock has a market cap of $7.65 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The firm has a fifty day moving average price of $96.25 and a 200 day moving average price of $102.46.

Autoliv (NYSE:ALV) 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 net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.88%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is currently 36.46%.

Analyst Ratings Changes

Several research firms recently issued reports on ALV. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Bank of America reduced their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Robert W. Baird upped their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Barclays decreased their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.77.

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.