GSA Capital Partners LLP Increases Position in Autoliv, Inc. (NYSE:ALV)

GSA Capital Partners LLP grew its stake in Autoliv, Inc. (NYSE:ALV) by 33.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,378 shares of the auto parts company’s stock after acquiring an additional 4,886 shares during the quarter. GSA Capital Partners LLP’s holdings in Autoliv were worth $1,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased 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 valued at $28,000 after acquiring an additional 101 shares during the period. Quarry LP grew its stake in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the last quarter. Headlands Technologies LLC grew its stake in Autoliv by 427.6% during the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock worth $99,000 after buying an additional 667 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Autoliv during the 2nd quarter worth $156,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Performance

Shares of ALV stock opened at $100.80 on Wednesday. The stock has a market cap of $7.94 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. The business has a 50-day simple moving average of $95.34 and a 200-day simple moving average of $105.06. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38.

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 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 business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. Autoliv’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.78%. 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 payout ratio is currently 35.42%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALV shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price on the stock. Evercore ISI dropped their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Finally, Robert W. Baird lifted their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. 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’s stock. Based on data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $122.77.

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.