Autoliv, Inc. (NYSE:ALV) Shares Purchased by Swedbank AB

Swedbank AB lifted its holdings in Autoliv, Inc. (NYSE:ALV) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,567,281 shares of the auto parts company’s stock after purchasing an additional 205,241 shares during the quarter. Swedbank AB’s holdings in Autoliv were worth $239,707,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALV. KRS Capital Management LLC lifted its position in Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System lifted its position in Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC lifted its position in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake 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 buying an additional 117 shares during the last quarter. Finally, Smithfield Trust Co raised its stake in shares of Autoliv by 12.1% during the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ALV. Bank of America reduced their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company cut their price target on Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Barclays cut their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday. Robert W. Baird cut their price target on Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.43.

Autoliv Trading Down 0.2 %

Autoliv stock traded down $0.20 during mid-day trading on Tuesday, hitting $94.34. The company’s stock had a trading volume of 502,917 shares, compared to its average volume of 685,998. The firm has a market capitalization of $7.68 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $96.55 and its two-hundred day moving average is $108.24.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts anticipate that Autoliv, Inc. will post 8.44 EPS for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s payout ratio is currently 42.43%.

Autoliv 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.