Autoliv, Inc. (NYSE:ALV) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 203.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,563 shares of the auto parts company's stock after purchasing an additional 71,487 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.13% of Autoliv worth $9,950,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ALV. Silvercrest Asset Management Group LLC raised its position in shares of Autoliv by 96.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company's stock valued at $3,454,000 after buying an additional 14,074 shares during the last quarter. M&G Plc acquired a new position in shares of Autoliv during the 1st quarter worth approximately $1,431,000. Qsemble Capital Management LP purchased a new stake in shares of Autoliv in the first quarter valued at approximately $808,000. Swedbank AB increased 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 valued at $252,715,000 after purchasing an additional 402,426 shares during the last quarter. Finally, BDF Gestion purchased a new position in Autoliv during the second quarter worth approximately $1,284,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup reduced their price target on Autoliv from $119.00 to $108.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Barclays decreased their target price on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Bank of America reduced their price target 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. Evercore ISI lowered their price objective on Autoliv from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, July 22nd. Finally, Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $122.77.

Autoliv Stock Up 2.5 %

NYSE:ALV traded up $2.38 during trading hours on Monday, hitting $97.12. The company's stock had a trading volume of 815,375 shares, compared to its average volume of 703,320. The stock has a market capitalization of $7.90 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $96.28 and a 200-day moving average of $106.58. Autoliv, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities analysts forecast that Autoliv, Inc. will post 8.44 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Wednesday, September 4th. Autoliv's payout ratio is 42.43%.

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.