Fortem Financial Group LLC Acquires New Stake in Autoliv, Inc. (NYSE:ALV)

Fortem Financial Group LLC acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,525 shares of the auto parts company’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Cetera Advisors LLC grew its holdings in shares of Autoliv by 44.2% in the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,287 shares during the period. SG Americas Securities LLC increased its holdings in shares of Autoliv by 13.5% during the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock worth $369,000 after buying an additional 409 shares during the last quarter. M&G Plc raised its position in shares of Autoliv by 4.9% during the 2nd quarter. M&G Plc now owns 12,501 shares of the auto parts company’s stock valued at $1,338,000 after buying an additional 579 shares during the period. AdvisorNet Financial Inc lifted its holdings in Autoliv by 6.0% in the second quarter. AdvisorNet Financial Inc now owns 9,649 shares of the auto parts company’s stock valued at $1,032,000 after acquiring an additional 544 shares during the last quarter. Finally, Swedbank AB grew its position in Autoliv by 20.5% in the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after acquiring an additional 402,426 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALV. Barclays decreased their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Wolfe Research started coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Finally, Wells Fargo & Company cut 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. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Shares of NYSE ALV opened at $99.21 on Wednesday. The stock’s 50-day simple moving average is $96.73 and its 200-day simple moving average is $101.49. 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 firm has a market capitalization of $7.81 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last posted its earnings results 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). 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 analysts’ expectations of $2.52 billion. During the same period last year, the business earned $1.66 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced 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 an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

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.