Impax Asset Management Group plc Has $6.43 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Impax Asset Management Group plc increased its position in shares of Autoliv, Inc. (NYSE:ALV) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,848 shares of the auto parts company’s stock after purchasing an additional 13,400 shares during the quarter. Impax Asset Management Group plc owned approximately 0.09% of Autoliv worth $6,428,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Swedbank AB grew its holdings in Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after acquiring an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Autoliv by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after acquiring an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after acquiring an additional 207,521 shares during the last quarter. Caxton Associates LP grew its holdings in Autoliv by 121.9% during the 1st quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after acquiring an additional 377,233 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Autoliv by 130.2% during the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after acquiring an additional 281,956 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $97.97 on Friday. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.91 and a beta of 1.59. The firm’s 50 day simple moving average is $95.39 and its 200 day simple moving average is $104.83. 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, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last announced its earnings results 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 for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.66 earnings per share. As a group, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business 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 dividend of $0.70 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is 35.42%.

Analyst Upgrades and Downgrades

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