Autoliv, Inc. (NYSE:ALV) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,507 shares of the auto parts company’s stock after selling 333 shares during the quarter. MetLife Investment Management LLC’s holdings in Autoliv were worth $3,409,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Autoliv by 62.7% in the second 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 last quarter. Quarry LP increased its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position 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 acquiring an additional 117 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Autoliv during the 2nd quarter valued at approximately $156,000. Finally, Rothschild Investment LLC bought a new position in Autoliv during the second quarter worth $209,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $97.15 on Wednesday. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The firm has a market capitalization of $7.65 billion, a PE ratio of 12.65, a P/E/G ratio of 0.90 and a beta of 1.59. The firm has a 50-day moving average price of $96.25 and a 200 day moving average price of $102.46. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. Autoliv’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. On average, sell-side analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.88%. Autoliv’s dividend payout ratio is 35.42%.

Analyst Ratings Changes

ALV has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America dropped their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Robert W. Baird boosted their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

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.