Autoliv, Inc. (NYSE:ALV) Stock Position Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Autoliv, Inc. (NYSE:ALV) by 17.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,741 shares of the auto parts company’s stock after selling 1,024 shares during the period. Victory Capital Management Inc.’s holdings in Autoliv were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 101 shares during the last quarter. Quarry LP grew its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 117 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Autoliv during the second quarter valued at $156,000. Finally, Rothschild Investment LLC purchased a new position in shares of Autoliv during the second quarter valued at $209,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALV. Robert W. Baird lifted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wolfe Research began coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Barclays lowered their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Seven 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Price Performance

Shares of NYSE:ALV opened at $99.13 on Friday. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The business has a 50-day moving average of $95.91 and a two-hundred day moving average of $103.30. The stock has a market capitalization of $7.81 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.89 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.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share 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 company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm earned $1.66 EPS. Autoliv’s quarterly revenue was down 1.6% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is currently 35.42%.

About Autoliv

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.