Autoliv, Inc. (NYSE:ALV) Shares Acquired by Fmr LLC

Fmr LLC grew its position in Autoliv, Inc. (NYSE:ALV) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,504,605 shares of the auto parts company’s stock after acquiring an additional 376,665 shares during the quarter. Fmr LLC owned approximately 0.08% of Autoliv worth $607,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ALV. GAMMA Investing LLC raised 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 valued at $28,000 after buying an additional 101 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after buying an additional 117 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Autoliv by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after buying an additional 156 shares during the period. Victory Capital Management Inc. raised its holdings 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 valued at $617,000 after buying an additional 162 shares during the period. Finally, Wahed Invest LLC raised its holdings in shares of Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after buying an additional 174 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ALV. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Bank of America dropped their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Shares of NYSE ALV opened at $98.60 on Friday. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month 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 company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. The business has a 50 day simple moving average of $95.86 and a 200-day simple moving average of $103.33.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share 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 the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.66 earnings per share. Autoliv’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given 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 2.84%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is currently 35.42%.

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.