Todd Asset Management LLC Buys Shares of 37,700 Autoliv, Inc. (NYSE:ALV)

Todd Asset Management LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,700 shares of the auto parts company’s stock, valued at approximately $3,536,000.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. grew its stake in Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock valued at $595,000 after acquiring an additional 115 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the period. Quantinno Capital Management LP grew its position in shares of Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after purchasing an additional 130 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Autoliv by 3.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock worth $391,000 after purchasing an additional 140 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Pareto Securities lowered Autoliv to a “hold” rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Mizuho dropped their target price on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, HSBC lowered shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.23.

Autoliv Stock Up 0.9 %

ALV opened at $99.10 on Wednesday. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $95.90 and its 200-day moving average price is $96.61. The company has a market cap of $7.70 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.73 and a beta of 1.58.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, equities analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. Autoliv’s dividend payout ratio is currently 34.70%.

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.