Bridgewater Associates LP grew its stake in shares of Autoliv, Inc. (NYSE:ALV – Free Report) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,700 shares of the auto parts company’s stock after buying an additional 14,635 shares during the quarter. Bridgewater Associates LP owned about 0.11% of Autoliv worth $7,908,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in ALV. Swedbank AB raised its holdings in Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after purchasing an additional 402,426 shares in the last quarter. Lind Value II ApS bought a new stake in shares of Autoliv in the 3rd quarter worth $35,818,000. FMR LLC raised its stake in shares of Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after buying an additional 376,665 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after buying an additional 281,956 shares during the period. Finally, Mondrian Investment Partners LTD boosted its stake in Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after buying an additional 207,521 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on ALV shares. Wells Fargo & Company reduced their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America reduced their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.
Autoliv Price Performance
NYSE ALV opened at $98.60 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The firm 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 company has a 50 day simple moving average of $95.86 and a 200-day simple moving average of $103.33. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38.
Autoliv (NYSE:ALV – Get Free Report) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.
Autoliv Increases Dividend
The company 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.84%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is 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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