Autoliv, Inc. (NYSE:ALV) Position Reduced by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 77.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,924 shares of the auto parts company's stock after selling 357,201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.13% of Autoliv worth $9,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP boosted its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after buying an additional 207 shares during the period. Benjamin F. Edwards & Company Inc. grew its position 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 valued at $102,000 after buying an additional 117 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Autoliv during the second quarter worth about $156,000. Finally, Rothschild Investment LLC bought a new position in Autoliv in the second quarter worth about $209,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ALV shares. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Barclays cut their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Bank of America reduced their target price on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and a consensus price target of $122.77.

Autoliv Price Performance

Shares of ALV traded up $0.86 during midday trading on Monday, reaching $99.98. The stock had a trading volume of 619,170 shares, compared to its average volume of 703,284. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $7.87 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.89 and a beta of 1.59. The firm's 50 day moving average price is $96.03 and its 200-day moving average price is $102.84. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS 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 business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.66 earnings per share. Autoliv's revenue was down 1.6% compared to the same quarter last year. On average, 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.80%. Autoliv's dividend payout ratio (DPR) is currently 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.