Vise Technologies Inc. Makes New Investment in Autoliv, Inc. $ALV

Vise Technologies Inc. acquired a new stake in Autoliv, Inc. (NYSE:ALV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,140 shares of the auto parts company’s stock, valued at approximately $911,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALV. Fifth Third Wealth Advisors LLC boosted its holdings in Autoliv by 4.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,127 shares of the auto parts company’s stock worth $238,000 after buying an additional 88 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Autoliv by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock valued at $1,482,000 after acquiring an additional 100 shares during the last quarter. James T. Borello RIA increased its stake in shares of Autoliv by 0.7% in the 3rd quarter. James T. Borello RIA now owns 13,746 shares of the auto parts company’s stock valued at $1,538,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Autoliv by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 140 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Autoliv by 6.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,763 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 173 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Up 0.9%

NYSE:ALV opened at $124.56 on Tuesday. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.76. The stock has a market capitalization of $8.97 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The business’s 50-day simple moving average is $117.15 and its 200-day simple moving average is $118.26.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a return on equity of 28.89% and a net margin of 5.62%. Autoliv’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.32 earnings per share. Sell-side analysts expect that Autoliv, Inc. will post 9.98 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 20th. Autoliv’s dividend payout ratio is 41.73%.

Analyst Ratings Changes

ALV has been the subject of a number of analyst reports. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada reduced their price target on shares of Autoliv from $147.00 to $146.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. TD Cowen lowered shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the company from $148.00 to $137.00 in a report on Tuesday, September 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.92.

About Autoliv

Autoliv, Inc develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash.

The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.

Autoliv’s roots date to 1953 in Sweden, and the company took its current form in 1997 through the merger of Autoliv AB and Morton ASP.