Geode Capital Management LLC Has $92.22 Million Holdings in Autoliv, Inc. (NYSE:ALV)

Geode Capital Management LLC raised its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 987,375 shares of the auto parts company's stock after buying an additional 95,888 shares during the quarter. Geode Capital Management LLC owned about 1.25% of Autoliv worth $92,221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock worth $2,821,000 after acquiring an additional 8,859 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Autoliv by 11.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 18,061 shares of the auto parts company's stock worth $1,686,000 after purchasing an additional 1,816 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Autoliv by 58.2% in the 3rd quarter. XTX Topco Ltd now owns 14,073 shares of the auto parts company's stock valued at $1,314,000 after purchasing an additional 5,177 shares during the period. Jane Street Group LLC raised its stake in shares of Autoliv by 94.2% in the 3rd quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company's stock valued at $19,700,000 after purchasing an additional 102,362 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Autoliv by 21.2% in the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock valued at $85,008,000 after purchasing an additional 159,067 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALV. Wells Fargo & Company decreased their price objective on Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a report on Monday. Wolfe Research began coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an "outperform" rating and a $120.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Bank of America reduced their target price on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Autoliv from a "buy" rating to a "hold" rating in a research note on Monday. Seven equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.46.

Autoliv Stock Performance

Shares of ALV traded up $0.63 during midday trading on Friday, reaching $91.90. The stock had a trading volume of 1,587,943 shares, compared to its average volume of 706,092. The firm has a market cap of $7.24 billion, a PE ratio of 11.97, a P/E/G ratio of 0.90 and a beta of 1.59. The firm has a 50 day simple moving average of $96.91 and a 200-day simple moving average of $100.06. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly 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). The business had revenue of $2.56 billion for 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 company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current 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 issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.05%. Autoliv's payout ratio is presently 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.