Massachusetts Financial Services Co. MA Has $24.32 Million Holdings in Autoliv, Inc. (NYSE:ALV)

Massachusetts Financial Services Co. MA increased its stake in Autoliv, Inc. (NYSE:ALV) by 14.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,338 shares of the auto parts company’s stock after buying an additional 28,365 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.28% of Autoliv worth $24,323,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC boosted its holdings in shares of Autoliv by 96.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company’s stock valued at $3,454,000 after buying an additional 14,074 shares during the last quarter. Park West Asset Management LLC boosted its holdings in shares of Autoliv by 37.8% in the 4th quarter. Park West Asset Management LLC now owns 427,060 shares of the auto parts company’s stock valued at $47,058,000 after buying an additional 117,060 shares during the last quarter. M&G Plc acquired a new stake in shares of Autoliv in the 1st quarter valued at approximately $1,431,000. Qsemble Capital Management LP acquired a new stake in shares of Autoliv in the 1st quarter valued at approximately $808,000. Finally, Swedbank AB boosted its holdings in shares of Autoliv by 20.5% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALV shares. Wells Fargo & Company dropped their price target on Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com cut Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Evercore ISI dropped their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Citigroup dropped their price target on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.71.

Autoliv Stock Down 3.9 %

ALV stock opened at $92.79 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.65 and a beta of 1.60. The business’s fifty day moving average price is $98.98 and its two-hundred day moving average price is $111.38. Autoliv, Inc. has a fifty-two week low of $89.37 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 30.05% and a net margin of 5.91%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. On average, equities analysts anticipate that Autoliv, Inc. will post 9.05 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

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.