Eventide Asset Management LLC Cuts Stake in Autoliv, Inc. (NYSE:ALV)

Eventide Asset Management LLC cut its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,854 shares of the auto parts company's stock after selling 11,622 shares during the quarter. Eventide Asset Management LLC owned about 0.34% of Autoliv worth $24,916,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALV. FMR LLC increased its stake in Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock valued at $607,335,000 after purchasing an additional 376,665 shares in the last quarter. Swedbank AB increased its position in shares of Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock valued at $239,707,000 after acquiring an additional 205,241 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Autoliv by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company's stock worth $140,892,000 after acquiring an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company's stock valued at $117,330,000 after acquiring an additional 207,521 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Autoliv by 130.2% in the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company's stock valued at $53,111,000 after acquiring an additional 281,956 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Stock Performance

ALV traded up $0.52 during midday trading on Friday, reaching $99.12. The company had a trading volume of 296,457 shares, compared to its average volume of 703,648. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. 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 cap of $7.81 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.89 and a beta of 1.59. The business has a 50-day moving average of $96.03 and a two-hundred day moving average of $103.14.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (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 firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The company's revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid 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 dividend yield of 2.82%. Autoliv's payout ratio is 36.46%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. 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. StockNews.com cut shares of Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Bank of America decreased their target price on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Seven equities 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.