Virtu Financial LLC Buys New Shares in Autoliv, Inc. (NYSE:ALV)

Virtu Financial LLC bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,042 shares of the auto parts company’s stock, valued at approximately $1,684,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALV. Quantbot Technologies LP grew 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 purchasing an additional 48,612 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Autoliv by 32.9% in the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after purchasing an additional 33,490 shares in the last quarter. Marshall Wace LLP lifted its position in Autoliv by 35.8% in the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock worth $29,186,000 after purchasing an additional 71,931 shares during the period. Beddow Capital Management Inc. boosted its stake in Autoliv by 14.4% during the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company’s stock worth $7,553,000 after buying an additional 10,198 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Autoliv in the 2nd quarter valued at $236,000. 69.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALV has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective 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. Barclays cut their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America lowered their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $97.85 on Friday. The business has a fifty day moving average of $96.97 and a 200-day moving average of $101.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The firm has a market cap of $7.71 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is 36.46%.

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.