Murphy Pohlad Asset Management LLC Has $3.90 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Murphy Pohlad Asset Management LLC reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,785 shares of the auto parts company’s stock after selling 775 shares during the period. Autoliv makes up approximately 1.6% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 19th biggest holding. Murphy Pohlad Asset Management LLC owned 0.05% of Autoliv worth $3,901,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Swedbank AB raised its holdings in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after purchasing an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Autoliv by 21.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after purchasing an additional 207,521 shares during the last quarter. Caxton Associates LP raised its holdings in shares of Autoliv by 121.9% in the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock valued at $82,690,000 after purchasing an additional 377,233 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after purchasing an additional 281,956 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALV has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Barclays lowered their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company lowered their target price 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, Citigroup lowered their target price on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Trading Up 2.5 %

Shares of Autoliv stock opened at $95.17 on Friday. The firm has a 50-day moving average of $95.92 and a 200-day moving average of $106.27. The stock has a market cap of $7.49 billion, a PE ratio of 12.39, a PEG ratio of 0.85 and a beta of 1.60. Autoliv, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96.

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 during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. As a group, sell-side analysts forecast that Autoliv, Inc. will post 8.22 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.86%. Autoliv’s payout ratio is presently 35.42%.

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.