Northwest & Ethical Investments L.P. Takes Position in Autoliv, Inc. (NYSE:ALV)

Northwest & Ethical Investments L.P. purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,400 shares of the auto parts company's stock, valued at approximately $1,251,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 worth $28,000 after acquiring an additional 101 shares in the last quarter. Quarry LP raised its position in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after buying an additional 207 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings 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 valued at $102,000 after acquiring an additional 117 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Autoliv in the 2nd quarter valued at approximately $156,000. Finally, Rothschild Investment LLC purchased a new position in Autoliv during the second quarter worth $209,000. 69.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALV shares. Wolfe Research initiated coverage on Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price target on the stock. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Wells Fargo & Company lowered their price objective on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a research report on Monday, October 21st. 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. Finally, StockNews.com lowered Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.77.

Autoliv Stock Up 0.5 %

ALV traded up $0.52 during trading on Friday, hitting $99.12. The stock had a trading volume of 296,457 shares, compared to its average volume of 703,648. The stock has a 50 day simple moving average of $96.03 and a two-hundred day simple moving average of $103.14. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The company has a market capitalization of $7.81 billion, a PE ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59. 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 (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (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 for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 dividend on an annualized basis and a yield of 2.82%. Autoliv's dividend payout ratio (DPR) is currently 36.46%.

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.