Neo Ivy Capital Management Purchases 13,766 Shares of Autoliv, Inc. (NYSE:ALV)

Neo Ivy Capital Management raised its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 226.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,842 shares of the auto parts company's stock after purchasing an additional 13,766 shares during the quarter. Neo Ivy Capital Management's holdings in Autoliv were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of Autoliv by 20.5% in the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock worth $252,715,000 after buying an additional 402,426 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock worth $4,855,000 after purchasing an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Autoliv by 32.9% in the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock worth $12,645,000 after purchasing an additional 33,490 shares during the last quarter. Marshall Wace LLP increased its position in shares of Autoliv by 35.8% in the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company's stock worth $29,186,000 after purchasing an additional 71,931 shares during the last quarter. Finally, Beddow Capital Management Inc. increased its position in shares of Autoliv by 14.4% in the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company's stock worth $7,553,000 after purchasing an additional 10,198 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Down 0.2 %

ALV traded down $0.21 during midday trading on Wednesday, reaching $99.00. The company's stock had a trading volume of 455,499 shares, compared to its average volume of 702,874. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.88 and a beta of 1.59. 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 stock's 50-day moving average is $96.73 and its 200-day moving average is $101.49.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly 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 for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.83%. This is a boost from Autoliv's previous quarterly dividend of $0.68. Autoliv's dividend payout ratio (DPR) is currently 36.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Wolfe Research assumed 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. Finally, Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.77.

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.