Fmr LLC Has $607.34 Million Stake in Autoliv, Inc. (NYSE:ALV)

FMR LLC grew its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,504,605 shares of the auto parts company's stock after acquiring an additional 376,665 shares during the quarter. FMR LLC owned 8.26% of Autoliv worth $607,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 101 shares in the last quarter. Quarry LP grew its position in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after buying an additional 207 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after acquiring an additional 117 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Autoliv during the 2nd quarter valued at $156,000. Finally, Wahed Invest LLC grew its holdings in shares of Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company's stock worth $175,000 after purchasing an additional 174 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Up 0.5 %

NYSE ALV traded up $0.52 during trading hours on Friday, reaching $99.12. The company's stock had a trading volume of 296,457 shares, compared to its average volume of 703,648. The firm has a fifty day simple moving average of $95.91 and a 200-day simple moving average of $103.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The stock has a market cap of $7.81 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (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 business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $1.66 EPS. Autoliv's revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.82%. Autoliv's payout ratio is presently 35.42%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALV. Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price objective for the company. Robert W. Baird upped their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Barclays decreased their price objective 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. Bank of America cut their target price on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Autoliv presently has a consensus rating of "Moderate Buy" and an average target price of $122.77.

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.