Thrivent Financial for Lutherans Has $6.64 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Thrivent Financial for Lutherans lessened its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 35.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,062 shares of the auto parts company's stock after selling 39,040 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Autoliv worth $6,636,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALV. Acadian Asset Management LLC bought a new stake in Autoliv in the first quarter worth approximately $522,000. CANADA LIFE ASSURANCE Co grew its position in Autoliv by 0.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 59,815 shares of the auto parts company's stock worth $7,202,000 after acquiring an additional 195 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Autoliv by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 132,341 shares of the auto parts company's stock worth $15,939,000 after acquiring an additional 4,844 shares in the last quarter. Caxton Associates LP grew its position in Autoliv by 121.9% in the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company's stock worth $82,690,000 after acquiring an additional 377,233 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its position in 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 worth $3,454,000 after acquiring an additional 14,074 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Price Performance

NYSE:ALV opened at $98.89 on Friday. The company has a fifty day moving average price of $95.56 and a 200 day moving average price of $104.17. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The stock has a market cap of $7.79 billion, a P/E ratio of 12.87, a PEG ratio of 0.88 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 (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 return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a positive change from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.83%. Autoliv's dividend payout ratio (DPR) is presently 35.42%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Bank of America decreased their price objective 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. Finally, Wells Fargo & Company decreased their price objective 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. Six 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 stock. According to data from MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and an average target price of $122.77.

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.