18,042 Shares in Autoliv, Inc. (NYSE:ALV) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 18,042 shares of the auto parts company's stock, valued at approximately $1,684,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ALV. Quarry LP boosted its position in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after purchasing an additional 207 shares during the period. Fred Alger Management LLC acquired a new position in Autoliv in the 3rd quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. raised its holdings in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after acquiring an additional 117 shares during the period. Picton Mahoney Asset Management acquired a new stake in Autoliv during the second quarter worth approximately $156,000. Finally, Rothschild Investment LLC acquired a new stake in Autoliv during the second quarter worth approximately $209,000. 69.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays lowered their price objective on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Bank of America dropped their price target on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price target on the stock. Finally, StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.77.

Autoliv Price Performance

Shares of Autoliv stock traded down $0.34 during midday trading on Friday, hitting $97.51. 649,639 shares of the company traded hands, compared to its average volume of 703,883. The firm's fifty day moving average price is $97.05 and its 200-day moving average price is $101.26. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. 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 (NYSE:ALV - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm's revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. As a group, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv's payout ratio is presently 36.46%.

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.