Eventide Asset Management LLC Has $24.92 Million Stake in Autoliv, Inc. (NYSE:ALV)

Eventide Asset Management LLC trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266,854 shares of the auto parts company’s stock after selling 11,622 shares during the quarter. Eventide Asset Management LLC owned approximately 0.34% of Autoliv worth $24,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after buying an additional 376,665 shares during the last quarter. Swedbank AB lifted its holdings in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after buying an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $140,892,000 after buying an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after acquiring an additional 207,521 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Autoliv by 130.2% in the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after acquiring an additional 281,956 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $98.60 on Friday. The business’s fifty day moving average price is $95.91 and its two-hundred day moving average price is $103.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. 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 business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, analysts predict that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is presently 35.42%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ALV shares. Wells Fargo & Company cut their price objective on 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 reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird raised their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays cut their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.