HighVista Strategies LLC Makes New $672,000 Investment in Autoliv, Inc. (NYSE:ALV)

HighVista Strategies LLC purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,200 shares of the auto parts company's stock, valued at approximately $672,000.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock valued at $28,000 after buying an additional 101 shares during the period. Quarry LP lifted its position in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after buying an additional 207 shares during the period. Fred Alger Management LLC bought a new stake in shares of Autoliv during the 3rd quarter valued at $45,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after buying an additional 117 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in shares of Autoliv in the 2nd quarter worth about $156,000. 69.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Bank of America reduced their target price on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Barclays lowered their target price on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com cut shares of Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Autoliv has a consensus rating of "Moderate Buy" and a consensus price target of $122.77.

Autoliv Price Performance

NYSE:ALV traded down $2.83 during trading hours on Tuesday, reaching $97.15. The stock had a trading volume of 791,633 shares, compared to its average volume of 703,662. The stock has a market capitalization of $7.65 billion, a PE ratio of 12.62, a PEG ratio of 0.89 and a beta of 1.59. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a 50 day moving average price of $96.17 and a two-hundred day moving average price of $102.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. Autoliv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.88%. This is a boost from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is presently 35.42%.

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.