Dynamic Technology Lab Private Ltd Buys 29,186 Shares of Autoliv, Inc. (NYSE:ALV)

Dynamic Technology Lab Private Ltd increased its position in Autoliv, Inc. (NYSE:ALV) by 126.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,274 shares of the auto parts company’s stock after purchasing an additional 29,186 shares during the period. Autoliv makes up approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 11th biggest position. Dynamic Technology Lab Private Ltd owned 0.07% of Autoliv worth $4,881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Autoliv by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after acquiring an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD boosted 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. AQR Capital Management LLC increased its holdings in shares of Autoliv by 130.2% in the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after purchasing an additional 281,956 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Autoliv by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock worth $45,530,000 after purchasing an additional 4,060 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALV. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. 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 target for the company. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Robert W. Baird lifted their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Price Performance

Shares of NYSE:ALV opened at $98.89 on Monday. The company has a market capitalization of $7.79 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.88 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The firm’s 50 day simple moving average is $95.63 and its two-hundred day simple moving average is $103.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last issued its earnings results 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 return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $1.66 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is 35.42%.

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.