BNP Paribas Financial Markets Acquires 52,000 Shares of Autoliv, Inc. (NYSE:ALV)

BNP Paribas Financial Markets raised its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 234.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,199 shares of the auto parts company's stock after purchasing an additional 52,000 shares during the period. BNP Paribas Financial Markets owned 0.09% of Autoliv worth $6,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Advisors LLC raised its position in Autoliv by 44.2% in the 1st quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company's stock valued at $506,000 after buying an additional 1,287 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in 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 purchasing an additional 175 shares during the last quarter. BDF Gestion bought a new stake in Autoliv in the 2nd quarter worth about $1,284,000. Finally, SG Americas Securities LLC grew its position in Autoliv by 13.5% in the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company's stock worth $369,000 after purchasing an additional 409 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wolfe Research initiated coverage on Autoliv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price 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. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $122.77.

Autoliv Price Performance

Shares of NYSE ALV traded down $2.01 during trading hours on Tuesday, reaching $97.27. 451,786 shares of the stock traded hands, compared to its average volume of 702,135. The company has a market capitalization of $7.66 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. The company's 50-day simple moving average is $96.17 and its two-hundred day simple moving average is $102.66. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate 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 net margin of 5.98% and a return on equity of 30.85%. Autoliv's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. Equities research analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.88%. This is a boost from Autoliv's previous quarterly dividend of $0.68. Autoliv's dividend payout ratio is presently 35.42%.

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.