6,525 Shares in Autoliv, Inc. (NYSE:ALV) Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,525 shares of the auto parts company's stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ALV. Swedbank AB lifted its stake in Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock valued at $252,715,000 after acquiring an additional 402,426 shares during the period. Quantbot Technologies LP boosted its holdings in Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock valued at $4,855,000 after purchasing an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC grew its position in Autoliv by 32.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock worth $12,645,000 after purchasing an additional 33,490 shares during the period. Marshall Wace LLP raised its stake in shares of Autoliv by 35.8% during the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company's stock valued at $29,186,000 after buying an additional 71,931 shares during the last quarter. Finally, Beddow Capital Management Inc. boosted its stake in shares of Autoliv by 14.4% in the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company's stock worth $7,553,000 after buying an additional 10,198 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Wall Street Analyst Weigh In

ALV has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Autoliv in a report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price target for the company. Bank of America lowered their price target on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. 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. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.77.

Autoliv Stock Performance

Shares of Autoliv stock traded up $0.27 on Wednesday, hitting $99.48. The stock had a trading volume of 805,486 shares, compared to its average volume of 704,380. The company's 50 day moving average price is $96.73 and its 200 day moving average price is $101.49. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.88 and a beta of 1.59. 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, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38.

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

Autoliv Increases Dividend

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 2.81%. This is a positive change from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv's dividend payout ratio is 36.46%.

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.