Verition Fund Management LLC Has $4.21 Million Holdings in Autoliv, Inc. (NYSE:ALV)

Verition Fund Management LLC raised its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 733.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,094 shares of the auto parts company's stock after acquiring an additional 39,682 shares during the quarter. Verition Fund Management LLC owned about 0.06% of Autoliv worth $4,210,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after acquiring an additional 101 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 purchasing an additional 117 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Autoliv by 2.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company's stock valued at $851,000 after buying an additional 156 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Autoliv by 2.9% in the second quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company's stock valued at $617,000 after buying an additional 162 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Autoliv by 2.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,930 shares of the auto parts company's stock worth $848,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Stock Performance

ALV stock traded up $0.60 during midday trading on Wednesday, reaching $97.75. 832,218 shares of the company were exchanged, compared to its average volume of 704,212. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The business has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $102.46. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. 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 (NYSE:ALV - Get Free Report) last announced 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). 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 analyst estimates of $2.52 billion. During the same quarter last year, the company posted $1.66 EPS. The firm's quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv's dividend payout ratio is currently 36.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ALV. 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 research note on Thursday, October 3rd. Wells Fargo & Company reduced their price target on Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a research report on Monday, October 21st. Barclays lowered their price objective 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. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They set an "outperform" rating and a $120.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.77.

Autoliv Company 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.