Gateway Investment Advisers LLC Has $2.70 Million Position in Autoliv, Inc. (NYSE:ALV)

Gateway Investment Advisers LLC cut its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,789 shares of the auto parts company's stock after selling 9,134 shares during the quarter. Gateway Investment Advisers LLC's holdings in Autoliv were worth $2,700,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock worth $92,221,000 after purchasing an additional 95,888 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock worth $25,800,000 after purchasing an additional 76,510 shares during the period. Quantbot Technologies LP increased its position in Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock worth $4,855,000 after buying an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC raised its stake in Autoliv by 32.9% in the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock valued at $12,645,000 after buying an additional 33,490 shares during the period. Finally, Barclays PLC lifted its position in shares of Autoliv by 41.5% in the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock valued at $2,821,000 after buying an additional 8,859 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Price Performance

NYSE:ALV traded up $0.27 on Friday, hitting $98.08. The company had a trading volume of 427,438 shares, compared to its average volume of 480,165. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week 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 stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.68 and a beta of 1.59. The firm has a 50 day moving average of $96.35 and a two-hundred day moving average of $97.54.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The firm's revenue was down 1.6% on a year-over-year basis. On average, research analysts anticipate that Autoliv, Inc. will post 8.2 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. Autoliv's dividend payout ratio (DPR) is 36.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Wells Fargo & Company cut their target price on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a research note on Monday, December 16th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target on the stock in a research note on Tuesday, January 7th. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $121.62.

About Autoliv

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.