Citigroup Inc. Purchases 25,091 Shares of Autoliv, Inc. (NYSE:ALV)

Citigroup Inc. lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 55.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,751 shares of the auto parts company's stock after acquiring an additional 25,091 shares during the period. Citigroup Inc. owned 0.09% of Autoliv worth $6,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Autoliv by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 132,341 shares of the auto parts company's stock worth $15,939,000 after purchasing an additional 4,844 shares during the period. Virtu Financial LLC acquired a new stake in Autoliv in the first quarter valued at $401,000. Cetera Advisors LLC lifted its holdings in Autoliv by 44.2% in the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company's stock valued at $506,000 after acquiring an additional 1,287 shares during the period. Transcend Capital Advisors LLC purchased a new stake in shares of Autoliv during the 2nd quarter worth $352,000. Finally, GAMMA Investing LLC grew its stake 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 during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Trading Up 0.5 %

Shares of NYSE ALV traded up $0.52 during midday trading on Friday, hitting $99.12. The stock had a trading volume of 296,457 shares, compared to its average volume of 685,827. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a fifty day moving average price of $96.03 and a 200 day moving average price of $103.01. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results 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). The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company posted $1.66 earnings per share. On average, analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This is a boost from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. Autoliv's dividend payout ratio (DPR) is presently 35.42%.

Analyst Ratings Changes

Several brokerages recently commented on ALV. Wolfe Research started coverage on shares of Autoliv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective for the company. 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Barclays dropped their price objective on Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Finally, Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from 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.