Advisors Asset Management Inc. Increases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Advisors Asset Management Inc. boosted its position in shares of Autoliv, Inc. (NYSE:ALV) by 105.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,637 shares of the auto parts company’s stock after purchasing an additional 1,865 shares during the period. Advisors Asset Management Inc.’s holdings in Autoliv were worth $340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ALV. Swedbank AB increased its position in shares of Autoliv by 20.5% during the 2nd 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 during the last quarter. BDF Gestion purchased a new stake in shares of Autoliv in the 2nd quarter valued at approximately $1,284,000. Marshall Wace LLP lifted its holdings in shares of 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 last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Autoliv during the 2nd quarter worth approximately $236,000. Finally, American Century Companies Inc. increased its holdings in Autoliv by 17.8% in the 2nd quarter. American Century Companies Inc. now owns 119,733 shares of the auto parts company’s stock valued at $12,810,000 after purchasing an additional 18,082 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Down 0.7 %

NYSE:ALV opened at $98.60 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The stock has a market cap of $7.76 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.91 and a beta of 1.59. The stock has a 50-day simple moving average of $95.86 and a 200-day simple moving average of $103.33.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is currently 35.42%.

Wall Street Analyst Weigh In

A number of research firms have commented on ALV. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Wells Fargo & Company lowered their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Finally, 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 research note on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

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.