FORA Capital LLC Takes $2.10 Million Position in Autoliv, Inc. (NYSE:ALV)

FORA Capital LLC purchased a new position in Autoliv, Inc. (NYSE:ALV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,500 shares of the auto parts company’s stock, valued at approximately $2,101,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blueshift Asset Management LLC raised its stake in shares of Autoliv by 14.6% in the third quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company’s stock valued at $245,000 after acquiring an additional 334 shares during the period. Bridgewater Associates LP raised its position in Autoliv by 20.9% in the 3rd quarter. Bridgewater Associates LP now owns 84,700 shares of the auto parts company’s stock worth $7,908,000 after purchasing an additional 14,635 shares during the period. BNP Paribas Financial Markets lifted its stake in Autoliv by 234.2% in the third quarter. BNP Paribas Financial Markets now owns 74,199 shares of the auto parts company’s stock worth $6,928,000 after purchasing an additional 52,000 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock valued at $4,855,000 after buying an additional 48,612 shares during the period. Finally, FMR LLC grew its stake in shares of Autoliv by 6.1% during the third 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. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALV. Bank of America dropped their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday, October 21st. Finally, Robert W. Baird lifted their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Price Performance

Shares of ALV stock opened at $98.61 on Thursday. The company has a market cap of $7.77 billion, a P/E ratio of 12.84, a PEG ratio of 0.91 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The stock’s 50-day moving average is $95.81 and its 200 day moving average is $103.37. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm earned $1.66 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. 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. 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.