Autoliv, Inc. (NYSE:ALV) Shares Acquired by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC increased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 32.9% in the third quarter, Holdings Channel reports. The firm owned 135,424 shares of the auto parts company’s stock after buying an additional 33,490 shares during the period. Autoliv comprises 1.5% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. HITE Hedge Asset Management LLC’s holdings in Autoliv were worth $12,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cetera Advisors LLC increased its stake in Autoliv by 44.2% in the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares during the period. Linden Thomas Advisory Services LLC raised its position in Autoliv by 2.3% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,930 shares of the auto parts company’s stock worth $848,000 after purchasing an additional 175 shares during the period. BDF Gestion bought a new stake in shares of Autoliv during the 2nd quarter valued at about $1,284,000. Finally, SG Americas Securities LLC lifted its position in Autoliv by 13.5% during the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock valued at $369,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 0.9 %

Shares of NYSE ALV opened at $99.98 on Tuesday. 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 company has a 50-day moving average price of $96.17 and a 200-day moving average price of $102.66. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The stock has a market capitalization of $7.87 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. On average, equities research analysts forecast 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 $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.80%. Autoliv’s payout ratio is currently 35.42%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ALV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Barclays reduced their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Bank of America cut 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

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.