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

Fmr LLC grew its position in Autoliv, Inc. (NYSE:ALV) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 8.26% of Autoliv worth $607,335,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Swedbank AB lifted its holdings in shares of Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after purchasing an additional 205,241 shares during the period. Dimensional Fund Advisors LP raised its position in Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after acquiring an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Autoliv by 21.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after acquiring an additional 207,521 shares in the last quarter. AQR Capital Management LLC increased its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Autoliv by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock valued at $45,530,000 after buying an additional 4,060 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ALV shares. Wells Fargo & Company dropped their price target on 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. Barclays dropped their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Stock Down 0.7 %

Shares of NYSE:ALV opened at $98.60 on Friday. The stock’s 50-day moving average price is $95.86 and its two-hundred day moving average price is $103.33. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.91 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly 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 return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current 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 paid a $0.70 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s payout ratio is currently 35.42%.

Autoliv Company 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.