Dynamic Technology Lab Private Ltd Purchases 29,186 Shares of Autoliv, Inc. (NYSE:ALV)

Dynamic Technology Lab Private Ltd raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 126.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,274 shares of the auto parts company’s stock after acquiring an additional 29,186 shares during the period. Autoliv makes up approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 11th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Autoliv were worth $4,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Quarry LP raised its position in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted 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 valued at $102,000 after acquiring an additional 117 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Autoliv in the second quarter worth about $156,000. Finally, Wahed Invest LLC grew its position in Autoliv by 13.6% in the first quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock worth $175,000 after acquiring an additional 174 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Trading Up 1.1 %

Shares of NYSE ALV opened at $98.89 on Monday. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $95.63 and a two-hundred day simple moving average of $103.71. The firm has a market cap of $7.79 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued 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 return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.83%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is presently 35.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Wolfe Research started coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Wells Fargo & Company cut their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Finally, Robert W. Baird raised their price objective on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Six investment 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. According to MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and an average target price of $122.77.

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.