Quantbot Technologies LP Increases Position in Autoliv, Inc. (NYSE:ALV)

Quantbot Technologies LP raised its holdings in Autoliv, Inc. (NYSE:ALV) by 1,437.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 51,994 shares of the auto parts company’s stock after acquiring an additional 48,612 shares during the period. Quantbot Technologies LP’s holdings in Autoliv were worth $4,855,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ALV. FMR LLC lifted its position in Autoliv by 6.1% during the third 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 during the period. Swedbank AB increased its stake in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after acquiring an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Autoliv by 3.2% during the 2nd 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 during the period. Mondrian Investment Partners LTD boosted its position in shares of 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 during the last quarter. Finally, AQR Capital Management LLC boosted 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 worth $53,111,000 after acquiring an additional 281,956 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ALV shares. Barclays dropped their price target on shares of 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 raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Bank of America decreased their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Stock Performance

ALV stock opened at $99.29 on Wednesday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock’s fifty day moving average is $95.76 and its two-hundred day moving average is $103.54.

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

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is 36.46%.

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.