FORA Capital LLC Invests $2.10 Million in Autoliv, Inc. (NYSE:ALV)

FORA Capital LLC bought a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,500 shares of the auto parts company's stock, valued at approximately $2,101,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock worth $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB grew its position in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock worth $239,707,000 after buying an additional 205,241 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Autoliv by 3.2% during 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 buying an additional 40,957 shares during the period. Mondrian Investment Partners LTD increased its stake in shares of 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 shares of Autoliv by 130.2% during 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 during the period. Institutional investors own 69.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ALV shares. Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They set an "outperform" rating and a $120.00 price target on the stock. StockNews.com cut Autoliv from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Barclays lowered their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autoliv has a consensus rating of "Moderate Buy" and a consensus target price of $122.77.

Autoliv Stock Performance

Shares of ALV stock traded down $0.69 during trading on Thursday, reaching $98.60. 489,109 shares of the company's stock traded hands, compared to its average volume of 705,418. The firm's 50-day moving average is $95.86 and its 200 day moving average is $103.33. The company has a market capitalization of $7.76 billion, a P/E ratio of 12.84, a PEG ratio of 0.91 and a beta of 1.59. 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.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business'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 EPS. Equities research analysts expect 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. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. This is a boost from Autoliv's previous quarterly dividend of $0.68. 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.