Autoliv, Inc. (NYSE:ALV) Stock Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in Autoliv, Inc. (NYSE:ALV) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,413 shares of the auto parts company’s stock after purchasing an additional 3,028 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Autoliv were worth $2,590,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Swedbank AB raised its stake in Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after buying an additional 402,426 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after acquiring an additional 278,800 shares during the last quarter. Mondrian Investment Partners LTD raised its position in shares of Autoliv by 20.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock valued at $114,716,000 after acquiring an additional 162,319 shares in the last quarter. Norges Bank bought a new position in Autoliv during the fourth quarter worth $91,065,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Autoliv by 169.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after purchasing an additional 477,800 shares during the period. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALV. UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $102.00 to $141.00 in a research report on Tuesday, May 28th. Wolfe Research initiated coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Wells Fargo & Company dropped their price target on Autoliv from $122.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. HSBC initiated coverage on Autoliv in a research report on Monday, July 15th. They set a “buy” rating and a $134.00 price objective for the company. Finally, StockNews.com lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.79.

Autoliv Stock Performance

Shares of ALV opened at $95.69 on Thursday. Autoliv, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38. The firm has a market capitalization of $7.79 billion, a PE ratio of 14.93, a P/E/G ratio of 0.65 and a beta of 1.60. The firm has a 50-day moving average price of $99.57 and a 200 day moving average price of $111.65. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 EPS. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.05 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.84%. Autoliv’s dividend payout ratio (DPR) is 42.43%.

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.