Autoliv, Inc. (NYSE:ALV) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in Autoliv, Inc. (NYSE:ALV) by 733.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,094 shares of the auto parts company’s stock after acquiring an additional 39,682 shares during the quarter. Verition Fund Management LLC owned 0.06% of Autoliv worth $4,210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. acquired a new stake in Autoliv in the 3rd quarter valued at $1,251,000. FORA Capital LLC acquired a new stake in Autoliv in the 3rd quarter valued at $2,101,000. Blueshift Asset Management LLC lifted its holdings in Autoliv by 14.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company’s stock valued at $245,000 after purchasing an additional 334 shares in the last quarter. Bridgewater Associates LP lifted its holdings in Autoliv by 20.9% in the 3rd quarter. Bridgewater Associates LP now owns 84,700 shares of the auto parts company’s stock valued at $7,908,000 after purchasing an additional 14,635 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Autoliv by 234.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 74,199 shares of the auto parts company’s stock valued at $6,928,000 after purchasing an additional 52,000 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ALV shares. Wolfe Research started coverage on Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Bank of America decreased their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company reduced their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Stock Down 2.8 %

Shares of ALV opened at $97.15 on Wednesday. The firm has a market cap of $7.65 billion, a P/E ratio of 12.65, a price-to-earnings-growth 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’s 50-day moving average price is $96.25 and its 200 day moving average price is $102.46. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 earnings per share. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s payout ratio is currently 35.42%.

Autoliv 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.