7,002 Shares in Autoliv, Inc. (NYSE:ALV) Acquired by Paloma Partners Management Co

Paloma Partners Management Co purchased a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,002 shares of the auto parts company's stock, valued at approximately $654,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB lifted its stake in Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock valued at $252,715,000 after purchasing an additional 402,426 shares during the last quarter. Quantbot Technologies LP lifted its stake in Autoliv by 1,437.4% in the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock valued at $4,855,000 after purchasing an additional 48,612 shares during the last quarter. BDF Gestion bought a new position in Autoliv in the 2nd quarter valued at approximately $1,284,000. Marshall Wace LLP lifted its stake in Autoliv by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company's stock valued at $29,186,000 after purchasing an additional 71,931 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Autoliv in the 2nd quarter valued at approximately $236,000. Institutional investors own 69.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ALV shares. Wells Fargo & Company dropped 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. Barclays decreased their price target on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Robert W. Baird upped their price target 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $122.77.

Autoliv Stock Up 0.6 %

Shares of ALV traded up $0.60 during trading hours on Wednesday, reaching $97.75. 832,121 shares of the stock traded hands, compared to its average volume of 704,212. 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 stock has a fifty day simple moving average of $96.25 and a 200 day simple moving average of $102.46. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. On average, equities analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This is an increase from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.86%. Autoliv's dividend payout ratio (DPR) is presently 36.46%.

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.