MQS Management LLC Invests $359,000 in Autoliv, Inc. (NYSE:ALV)

MQS Management LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,849 shares of the auto parts company’s stock, valued at approximately $359,000.

Several other large investors also recently added to or reduced their stakes in ALV. Silvercrest Asset Management Group LLC grew its holdings in shares of Autoliv by 96.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company’s stock worth $3,454,000 after purchasing an additional 14,074 shares in the last quarter. M&G Plc bought a new stake in Autoliv during the first quarter valued at approximately $1,431,000. Swedbank AB grew its stake in Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after buying an additional 402,426 shares in the last quarter. BDF Gestion bought a new position in shares of Autoliv in the 2nd quarter worth $1,284,000. Finally, Marshall Wace LLP raised its position in shares of Autoliv by 35.8% during the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock valued at $29,186,000 after buying an additional 71,931 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ALV shares. Citigroup reduced their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird increased their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Bank of America dropped their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Stock Down 2.8 %

Shares of NYSE:ALV opened at $98.43 on Friday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. 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 $95.35 and its 200 day moving average is $104.99. The company has a market cap of $7.75 billion, a PE ratio of 12.82, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted $1.66 earnings per share. Autoliv’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current 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 given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) 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.