Bank of Montreal Can Sells 49,868 Shares of Autoliv, Inc. (NYSE:ALV)

Bank of Montreal Can trimmed its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 65.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,976 shares of the auto parts company's stock after selling 49,868 shares during the quarter. Bank of Montreal Can's holdings in Autoliv were worth $2,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after buying an additional 101 shares in the last quarter. Quarry LP raised its holdings in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 207 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after purchasing an additional 117 shares during the period. Picton Mahoney Asset Management purchased a new stake in Autoliv in the second quarter worth approximately $156,000. Finally, Rothschild Investment LLC purchased a new stake in Autoliv in the second quarter worth approximately $209,000. 69.57% of the stock is currently owned by institutional investors.

Autoliv Price Performance

Autoliv stock traded up $0.53 during mid-day trading on Friday, hitting $97.31. The stock had a trading volume of 795,496 shares, compared to its average volume of 704,822. 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. The firm has a market capitalization of $7.66 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.87 and a beta of 1.59. The firm's 50 day moving average is $96.49 and its 200 day moving average is $102.39.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $1.66 EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.88%. This is an increase from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv's dividend payout ratio is presently 36.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays lowered their price target on 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 initiated coverage on Autoliv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a research report on Monday, October 21st. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday. Finally, 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. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.