Northwest & Ethical Investments L.P. Invests $1.25 Million in Autoliv, Inc. (NYSE:ALV)

Northwest & Ethical Investments L.P. bought a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,400 shares of the auto parts company’s stock, valued at approximately $1,251,000.

A number of other institutional investors have also recently added to or reduced their stakes in ALV. Swedbank AB lifted its stake in shares of 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. BDF Gestion purchased a new stake in shares of Autoliv during the 2nd quarter valued at about $1,284,000. Quantbot Technologies LP lifted its position in Autoliv by 1,437.4% during the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after acquiring an additional 48,612 shares in the last quarter. Marshall Wace LLP boosted its holdings in Autoliv by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock worth $29,186,000 after acquiring an additional 71,931 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Autoliv in the second quarter valued at approximately $236,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of ALV opened at $99.13 on Friday. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week 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 firm has a market cap of $7.81 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59. The stock has a 50 day moving average of $95.91 and a 200-day moving average of $103.30.

Autoliv (NYSE:ALV) last released 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 business had revenue of $2.56 billion during 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 revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. As a group, analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is currently 35.42%.

Analyst Ratings Changes

ALV has been the topic of a number of recent research reports. Wolfe Research assumed coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price on the stock. Bank of America cut their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. StockNews.com cut shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company dropped their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

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.