Dynamic Technology Lab Private Ltd Increases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 126.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,274 shares of the auto parts company's stock after purchasing an additional 29,186 shares during the quarter. Autoliv makes up about 0.5% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 11th biggest holding. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Autoliv worth $4,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. GAMMA Investing LLC boosted its position 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 valued at $28,000 after acquiring an additional 101 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after acquiring an additional 117 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Autoliv by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company's stock valued at $851,000 after acquiring an additional 156 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company's stock valued at $617,000 after acquiring an additional 162 shares during the last quarter. Finally, Wahed Invest LLC boosted its position in shares of Autoliv by 13.6% during 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 last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Analysts Set New Price Targets

ALV has been the topic of several research analyst reports. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Wolfe Research initiated coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a report on Monday, October 21st. Finally, Bank of America reduced their price objective 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. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.77.

Autoliv Stock Performance

Shares of Autoliv stock traded up $2.80 during trading hours on Monday, hitting $101.69. 530,484 shares of the company were exchanged, compared to its average volume of 703,488. Autoliv, Inc. has a 1 year low of $89.51 and a 1 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 business has a 50-day moving average of $95.63 and a 200-day moving average of $103.71. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly 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). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the company earned $1.66 EPS. Autoliv's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This is a boost from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.75%. Autoliv's dividend payout ratio is presently 35.42%.

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.