HITE Hedge Asset Management LLC Has $12.65 Million Holdings in Autoliv, Inc. (NYSE:ALV)

HITE Hedge Asset Management LLC raised its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 32.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,424 shares of the auto parts company's stock after acquiring an additional 33,490 shares during the quarter. Autoliv makes up about 1.5% of HITE Hedge Asset Management LLC's investment portfolio, making the stock its 25th largest holding. HITE Hedge Asset Management LLC owned 0.17% of Autoliv worth $12,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP lifted its position in shares of Autoliv by 133.5% in 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 last quarter. Fred Alger Management LLC bought a new position in shares of Autoliv during the 3rd quarter worth approximately $45,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after acquiring an additional 117 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Autoliv in the 2nd quarter valued at $156,000. Institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Barclays cut their price objective on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Seven investment 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, the company has an average rating of "Moderate Buy" and an average target price of $122.77.

Autoliv Price Performance

Shares of Autoliv stock traded down $2.83 during trading on Tuesday, reaching $97.15. 791,660 shares of the company's stock were exchanged, compared to its average volume of 670,810. 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, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a market cap of $7.65 billion, a P/E ratio of 12.65, a PEG ratio of 0.90 and a beta of 1.59. The firm's 50-day moving average price is $96.17 and its 200 day moving average price is $102.66.

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

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Autoliv's previous quarterly dividend of $0.68. Autoliv's dividend payout ratio (DPR) is currently 35.42%.

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.