Readystate Asset Management LP Takes $622,000 Position in Autoliv, Inc. (NYSE:ALV)

Readystate Asset Management LP acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,664 shares of the auto parts company's stock, valued at approximately $622,000.

Several other hedge funds also recently modified their holdings of ALV. GAMMA Investing LLC increased its stake in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Autoliv by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company's stock worth $851,000 after acquiring an additional 156 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company's stock worth $617,000 after acquiring an additional 162 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Autoliv by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 16,606 shares of the auto parts company's stock worth $1,777,000 after acquiring an additional 197 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ALV shares. Barclays cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a report on Monday, October 21st. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday. Robert W. Baird boosted their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, Bank of America cut their price target on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $122.77.

Autoliv Price Performance

ALV traded up $0.53 during midday trading on Friday, hitting $97.31. The stock had a trading volume of 746,355 shares, compared to its average volume of 704,822. The company has a market cap of $7.66 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59. The business has a fifty day moving average of $96.53 and a 200 day moving average of $102.20. 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, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results 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). The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. Autoliv's dividend payout ratio is 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.