Bridgewater Associates LP Acquires 14,635 Shares of Autoliv, Inc. (NYSE:ALV)

Bridgewater Associates LP raised its stake in shares of Autoliv, Inc. (NYSE:ALV) by 20.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 84,700 shares of the auto parts company’s stock after acquiring an additional 14,635 shares during the quarter. Bridgewater Associates LP’s holdings in Autoliv were worth $7,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALV. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 52,000 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Autoliv by 1,437.4% during the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after buying an additional 48,612 shares during the period. FMR LLC grew its stake in Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after buying an additional 376,665 shares during the last quarter. Qsemble Capital Management LP bought a new position in Autoliv in the 3rd quarter worth $284,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in Autoliv by 126.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 52,274 shares of the auto parts company’s stock worth $4,881,000 after acquiring an additional 29,186 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $98.60 on Friday. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.76 billion, a P/E ratio of 12.84, a PEG ratio of 0.91 and a beta of 1.59. The company’s 50-day simple moving average is $95.86 and its 200 day simple moving average is $103.33.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research 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. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio is currently 35.42%.

Wall Street Analyst Weigh In

ALV has been the topic of several research analyst reports. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America dropped their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays cut their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Seven investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

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.