Holocene Advisors LP lessened its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 76.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,588 shares of the auto parts company's stock after selling 232,475 shares during the period. Holocene Advisors LP owned about 0.09% of Autoliv worth $6,591,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Autoliv by 62.7% during 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 raised its holdings in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after buying an additional 207 shares during the last quarter. Fred Alger Management LLC bought a new stake in shares of Autoliv in the 3rd quarter worth $45,000. Benjamin F. Edwards & Company Inc. grew its stake 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 acquiring an additional 117 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Autoliv during the second quarter valued at about $156,000. Institutional investors and hedge funds own 69.57% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on ALV. Barclays cut their target price 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 dropped their target price on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a research note on Monday, October 21st. Finally, StockNews.com cut Autoliv from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Seven equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.77.
Check Out Our Latest Analysis on ALV
Autoliv Trading Up 0.6 %
Shares of ALV stock traded up $0.60 during trading hours on Wednesday, hitting $97.75. The company had a trading volume of 832,121 shares, compared to its average volume of 704,212. The stock has a market capitalization of $7.70 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company's fifty day moving average is $96.41 and its 200 day moving average is $102.43.
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 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 company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the business earned $1.66 earnings per share. The company's quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.
Autoliv Increases Dividend
The firm 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 dividend of $0.70 per share. This is an increase from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv's dividend payout ratio (DPR) is 36.46%.
About Autoliv
(
Free Report)
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.
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