Barclays PLC Raises Stake in Autoliv, Inc. (NYSE:ALV)

Barclays PLC lifted its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 41.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,216 shares of the auto parts company's stock after buying an additional 8,859 shares during the period. Barclays PLC's holdings in Autoliv were worth $2,821,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ALV. Quarry LP grew 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 worth $39,000 after purchasing an additional 207 shares during the last quarter. Fred Alger Management LLC purchased a new position in Autoliv during the 3rd quarter worth approximately $45,000. Benjamin F. Edwards & Company Inc. increased 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 worth $102,000 after buying an additional 117 shares during the period. Picton Mahoney Asset Management acquired a new position in Autoliv during the second quarter worth approximately $156,000. Finally, Rothschild Investment LLC purchased a new stake in Autoliv in the second quarter valued at approximately $209,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

NYSE:ALV traded up $1.55 during trading hours on Wednesday, hitting $93.69. The company's stock had a trading volume of 328,591 shares, compared to its average volume of 703,536. The business's 50-day moving average is $96.88 and its two-hundred day moving average is $99.36. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of $7.38 billion, a PE ratio of 12.20, a PEG ratio of 0.90 and a beta of 1.59.

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 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 firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date was 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 2.99%. Autoliv's payout ratio is 36.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. StockNews.com lowered shares of Autoliv from a "buy" rating to a "hold" rating in a research note on Wednesday. Robert W. Baird increased their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Wells Fargo & Company dropped their price target on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Finally, Wolfe Research began coverage on Autoliv in a research report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and a consensus price target of $122.46.

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.