MQS Management LLC Makes New Investment in Autoliv, Inc. (NYSE:ALV)

MQS Management LLC acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,849 shares of the auto parts company’s stock, valued at approximately $359,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. Quarry LP raised its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the last quarter. Headlands Technologies LLC lifted its position in Autoliv by 427.6% in the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 667 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Autoliv during the 2nd quarter worth approximately $156,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Down 2.8 %

Shares of Autoliv stock opened at $98.43 on Friday. The stock has a market capitalization of $7.75 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a 52-week low of $89.51 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. The stock’s 50-day simple moving average is $95.35 and its 200 day simple moving average is $104.99.

Autoliv (NYSE:ALV) last released its quarterly earnings data 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). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $1.66 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. 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 payout ratio is presently 35.42%.

Wall Street Analysts Forecast Growth

ALV has been the topic of several analyst reports. Bank of America cut their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Wells Fargo & Company dropped their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Barclays reduced their price objective 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. Finally, StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.77.

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.