Impax Asset Management Group plc Buys 13,400 Shares of Autoliv, Inc. (NYSE:ALV)

Impax Asset Management Group plc raised its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 24.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,848 shares of the auto parts company's stock after acquiring an additional 13,400 shares during the period. Impax Asset Management Group plc owned approximately 0.08% of Autoliv worth $6,428,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in shares of Autoliv in the 1st quarter worth $235,996,000. Lind Value II ApS bought a new stake in shares of Autoliv in the 3rd quarter worth $35,818,000. Caxton Associates LP raised its stake in shares of Autoliv by 121.9% in the 1st quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company's stock worth $82,690,000 after buying an additional 377,233 shares in the last quarter. AQR Capital Management LLC raised 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 worth $53,111,000 after buying an additional 281,956 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in shares of Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company's stock worth $117,330,000 after buying an additional 207,521 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

Analyst Ratings Changes

ALV has been the topic of a number of research reports. Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. 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. Citigroup cut their target price on Autoliv from $119.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company cut their target price on Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Monday, October 21st. Finally, Bank of America cut 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Autoliv presently has a consensus rating of "Moderate Buy" and an average price target of $122.77.

Autoliv Stock Down 2.4 %

NYSE ALV traded down $2.38 on Wednesday, reaching $94.96. The stock had a trading volume of 1,185,192 shares, compared to its average volume of 705,256. The business has a 50 day moving average price of $95.57 and a 200 day moving average price of $105.74. 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, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.85 and a beta of 1.59.

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 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 analysts' expectations of $2.52 billion. During the same quarter last year, the firm earned $1.66 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts forecast that Autoliv, Inc. will post 8.22 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a yield of 2.86%. Autoliv's dividend payout ratio (DPR) is currently 35.42%.

Autoliv Company 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.