HITE Hedge Asset Management LLC Buys 33,490 Shares of Autoliv, Inc. (NYSE:ALV)

HITE Hedge Asset Management LLC boosted its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 32.9% during the 3rd quarter, according to its most recent Form 13F filing 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 period. Autoliv accounts for 1.5% of HITE Hedge Asset Management LLC's investment portfolio, making the stock its 25th largest holding. HITE Hedge Asset Management LLC owned about 0.17% of Autoliv worth $12,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB lifted its stake in shares of Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock valued at $252,715,000 after purchasing an additional 402,426 shares during the period. Lind Value II ApS bought a new stake in Autoliv in the third quarter worth approximately $35,818,000. FMR LLC lifted its stake in Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock valued at $607,335,000 after buying an additional 376,665 shares during the period. AQR Capital Management LLC increased its stake in shares of Autoliv by 130.2% in 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 in the last quarter. Finally, Mondrian Investment Partners LTD lifted its position in shares of Autoliv by 21.8% during 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 during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Stock Down 2.8 %

Shares of ALV traded down $2.83 during trading hours on Tuesday, reaching $97.15. 791,660 shares of the stock traded hands, compared to its average volume of 670,810. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.90 and a beta of 1.59. The stock has a fifty day simple moving average of $96.17 and a 200 day simple moving average of $102.66. 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 posted 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). The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv'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 EPS. On average, equities analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALV. Wolfe Research started coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price target for the company. Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Barclays cut their price target on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. StockNews.com downgraded Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $116.00 target price on shares of Autoliv in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Autoliv currently has an average rating of "Moderate Buy" and an average target price of $122.77.

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.