Quadrature Capital Ltd Makes New Investment in Autoliv, Inc. (NYSE:ALV)

Quadrature Capital Ltd bought a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,818 shares of the auto parts company's stock, valued at approximately $2,690,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB raised 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 buying an additional 402,426 shares during the last quarter. Quantbot Technologies LP raised its holdings 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 valued at $4,855,000 after buying an additional 48,612 shares during the last quarter. BDF Gestion purchased a new stake in shares of Autoliv in the second quarter valued at about $1,284,000. HITE Hedge Asset Management LLC raised its holdings 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 valued at $12,645,000 after buying an additional 33,490 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings 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 valued at $29,186,000 after buying an additional 71,931 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America reduced 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. Robert W. Baird raised their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Barclays reduced their price objective 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $122.77.

Autoliv Price Performance

Shares of Autoliv stock traded up $0.53 during trading on Friday, hitting $97.31. 746,355 shares of the company were exchanged, compared to its average volume of 704,822. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 1.59. The firm has a 50 day moving average price of $96.53 and a 200 day moving average price of $102.20.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. 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 prior year, the firm earned $1.66 earnings per share. The company's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given 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 dividend yield of 2.88%. The ex-dividend date is Tuesday, December 3rd. Autoliv's payout ratio is currently 36.46%.

About Autoliv

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.