Qsemble Capital Management LP Invests $284,000 in Autoliv, Inc. (NYSE:ALV)

Qsemble Capital Management LP purchased a new position in Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,038 shares of the auto parts company’s stock, valued at approximately $284,000.

Other large investors have also recently made changes to their positions in the company. Swedbank AB increased its position in Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after buying an additional 402,426 shares in the last quarter. Lind Value II ApS acquired a new position in Autoliv during the 3rd quarter valued at about $35,818,000. AQR Capital Management LLC grew its stake in Autoliv by 130.2% during the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after purchasing an additional 281,956 shares during the last quarter. Mondrian Investment Partners LTD grew its stake in Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after purchasing an additional 207,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Autoliv by 83.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock valued at $39,028,000 after purchasing an additional 190,654 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays lowered 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. Bank of America lowered their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Performance

Shares of ALV stock opened at $98.61 on Thursday. The company has a market capitalization of $7.77 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.91 and a beta of 1.59. The business’s 50 day moving average is $95.81 and its two-hundred day moving average is $103.37. 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, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS 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 firm 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 company earned $1.66 EPS. Autoliv’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal 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 issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio 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.