Legend Financial Advisors Inc. Grows Stake in Autoliv, Inc. (NYSE:ALV)

Legend Financial Advisors Inc. raised its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,344 shares of the auto parts company’s stock after buying an additional 115 shares during the quarter. Autoliv comprises about 0.4% of Legend Financial Advisors Inc.’s holdings, making the stock its 29th largest position. Legend Financial Advisors Inc.’s holdings in Autoliv were worth $595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Quarry LP increased its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of Autoliv during the 3rd quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. boosted its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares in the last quarter. Farther Finance Advisors LLC grew its position in Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after acquiring an additional 2,179 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Autoliv during the third quarter worth approximately $222,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALV. Wells Fargo & Company reduced their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Bank of America reduced their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays cut their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Finally, Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average price target of $121.50.

Autoliv Stock Performance

NYSE ALV traded up $1.10 during trading hours on Tuesday, hitting $94.84. The company’s stock had a trading volume of 601,640 shares, compared to its average volume of 496,635. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The company’s 50 day simple moving average is $96.42 and its two-hundred day simple moving average is $98.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of $7.37 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. Autoliv’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.95%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. Autoliv’s payout ratio is 36.46%.

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.