Connor Clark & Lunn Investment Management Ltd. Acquires 7,844 Shares of Autoliv, Inc. (NYSE:ALV)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 145.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,228 shares of the auto parts company's stock after purchasing an additional 7,844 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Autoliv were worth $1,235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALV. Price T Rowe Associates Inc. MD grew its holdings in Autoliv by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 132,341 shares of the auto parts company's stock valued at $15,939,000 after purchasing an additional 4,844 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of Autoliv by 96.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company's stock worth $3,454,000 after acquiring an additional 14,074 shares during the period. Bayesian Capital Management LP purchased a new stake in Autoliv in the 1st quarter worth about $719,000. Wahed Invest LLC raised its stake in Autoliv by 13.6% in the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company's stock valued at $175,000 after acquiring an additional 174 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Autoliv during the first quarter valued at about $401,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

ALV opened at $99.29 on Wednesday. The stock's 50 day moving average price is $95.76 and its 200-day moving average price is $103.54. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The stock has a market capitalization of $7.82 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.56 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. On average, equities research analysts predict that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The business 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. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.82%. Autoliv's dividend payout ratio (DPR) is 35.42%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALV. Bank of America lowered their target price on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company decreased their price objective on Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Monday, October 21st. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Wolfe Research initiated coverage on 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 restated a "buy" rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Six 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's stock. Based on data from MarketBeat, the company currently has a consensus 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.