Hsbc Holdings PLC Grows Stock Position in Autoliv, Inc. (NYSE:ALV)

Hsbc Holdings PLC grew its stake in Autoliv, Inc. (NYSE:ALV) by 33.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,115 shares of the auto parts company’s stock after buying an additional 20,491 shares during the quarter. Hsbc Holdings PLC owned 0.10% of Autoliv worth $8,681,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 101 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Autoliv during the 1st quarter valued at approximately $36,000. Parallel Advisors LLC lifted its stake in shares of Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 223 shares during the period. Rise Advisors LLC boosted its holdings in Autoliv by 104.9% during the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock worth $66,000 after buying an additional 280 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Autoliv by 15,425.0% during the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after buying an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $92.99 on Tuesday. The company’s 50-day moving average is $98.66 and its two-hundred day moving average is $111.11. Autoliv, Inc. has a 1-year low of $89.37 and a 1-year high of $129.38. 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 firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.65 and a beta of 1.60.

Autoliv (NYSE:ALV) last released 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 business had revenue of $2.61 billion during 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%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 earnings per share. Analysts forecast that Autoliv, Inc. will post 9.05 EPS for the current year.

Autoliv Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALV. Robert W. Baird decreased their price objective on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Wolfe Research began coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target for the company. UBS Group raised shares of Autoliv from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $102.00 to $141.00 in a research note on Tuesday, May 28th. HSBC initiated coverage on shares of Autoliv in a research note on Monday, July 15th. They issued a “buy” rating and a $134.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus target price of $124.71.

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.