Northwest & Ethical Investments L.P. Acquires Shares of 13,400 Autoliv, Inc. (NYSE:ALV)

Northwest & Ethical Investments L.P. acquired a new position in shares of Autoliv, Inc. (NYSE:ALV) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,400 shares of the auto parts company’s stock, valued at approximately $1,251,000.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Autoliv by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 132,341 shares of the auto parts company’s stock worth $15,939,000 after purchasing an additional 4,844 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Autoliv during the 1st quarter worth approximately $401,000. Cetera Advisors LLC lifted its holdings in shares of Autoliv by 44.2% in the 1st quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock valued at $506,000 after buying an additional 1,287 shares during the period. Transcend Capital Advisors LLC purchased a new stake in shares of Autoliv in the second quarter valued at approximately $352,000. Finally, GAMMA Investing LLC grew its holdings 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 acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wolfe Research started coverage on shares of Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird increased 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. Wells Fargo & Company cut their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Finally, Barclays decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Autoliv stock opened at $99.13 on Friday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a 50 day moving average price of $95.91 and a 200 day moving average price of $103.30. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced 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 for 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 period in the prior year, the firm earned $1.66 earnings per share. Sell-side analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The company also recently declared 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. 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 yield of 2.82%. Autoliv’s dividend 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.