22,500 Shares in Autoliv, Inc. (NYSE:ALV) Acquired by FORA Capital LLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blueshift Asset Management LLC grew its holdings in shares of Autoliv by 14.6% during the third quarter. Blueshift Asset Management LLC now owns 2,629 shares of the auto parts company’s stock valued at $245,000 after buying an additional 334 shares during the last quarter. Bridgewater Associates LP grew its stake in Autoliv by 20.9% during the 3rd quarter. Bridgewater Associates LP now owns 84,700 shares of the auto parts company’s stock valued at $7,908,000 after purchasing an additional 14,635 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Autoliv by 234.2% in the third quarter. BNP Paribas Financial Markets now owns 74,199 shares of the auto parts company’s stock valued at $6,928,000 after purchasing an additional 52,000 shares during the period. Quantbot Technologies LP raised its stake in shares of Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after purchasing an additional 48,612 shares during the last quarter. Finally, FMR LLC lifted its holdings 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 worth $607,335,000 after purchasing an additional 376,665 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Bank of America decreased their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Performance

Shares of ALV stock opened at $98.61 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38. The business’s 50 day moving average is $95.81 and its two-hundred day moving average is $103.37. The company has a market capitalization of $7.77 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.91 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its earnings results 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). The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.66 EPS. Analysts expect that Autoliv, Inc. will post 8.19 EPS for the current fiscal 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 paid a dividend of $0.70 per share. 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 2.84%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is currently 35.42%.

Autoliv Company 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.