State Street Corp Sells 89,499 Shares of Autoliv, Inc. (NYSE:ALV)

State Street Corp lowered its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,405,584 shares of the auto parts company's stock after selling 89,499 shares during the quarter. State Street Corp owned about 1.78% of Autoliv worth $131,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its stake in 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 acquiring an additional 48,612 shares during the period. HITE Hedge Asset Management LLC increased its position in shares of Autoliv by 32.9% in the 3rd 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 in the last quarter. Marshall Wace LLP lifted its holdings in Autoliv by 35.8% during the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company's stock worth $29,186,000 after acquiring an additional 71,931 shares in the last quarter. Beddow Capital Management Inc. increased its holdings 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 acquiring an additional 10,198 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Autoliv during the 2nd quarter valued at about $236,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Trading Down 0.3 %

NYSE ALV traded down $0.32 during mid-day trading on Friday, reaching $97.53. 649,639 shares of the stock were exchanged, compared to its average volume of 703,883. The stock has a market cap of $7.68 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The stock has a 50 day simple moving average of $97.05 and a 200-day simple moving average of $100.89.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The business's revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This is a boost from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Tuesday, December 3rd. Autoliv's dividend payout ratio (DPR) is currently 36.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALV. Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating for the company in a report on Monday, October 21st. Robert W. Baird increased their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Barclays reduced their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.