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

XY Capital Ltd purchased a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,980 shares of the auto parts company's stock, valued at approximately $1,959,000. Autoliv makes up about 0.7% of XY Capital Ltd's portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after purchasing an additional 117 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of Autoliv by 12.1% during the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company's stock valued at $160,000 after buying an additional 144 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Autoliv by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company's stock valued at $851,000 after buying an additional 156 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Autoliv by 2.9% in the second quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company's stock worth $617,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Autoliv to a "strong-buy" rating in a research note on Monday, July 15th. Evercore ISI decreased their price objective on shares of Autoliv from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Wolfe Research began coverage on Autoliv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price target for the company. Finally, StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a report on Friday. Six research 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. According to data from MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and a consensus price target of $122.77.

Autoliv Stock Performance

ALV stock traded down $0.75 on Friday, reaching $98.84. 758,881 shares of the company were exchanged, compared to its average volume of 865,592. 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 12 month low of $89.51 and a 12 month high of $129.38. The stock's fifty day moving average price is $95.34 and its 200 day moving average price is $105.40. The firm has a market capitalization of $7.78 billion, a PE ratio of 12.87, a PEG ratio of 0.85 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last announced 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). The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 EPS. On average, research analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.75%. The ex-dividend date was Wednesday, September 4th. Autoliv's dividend payout ratio (DPR) is presently 35.42%.

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.