Janney Montgomery Scott LLC Raises Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Janney Montgomery Scott LLC increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,612 shares of the auto parts company’s stock after purchasing an additional 1,153 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Autoliv were worth $804,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in Autoliv in the first quarter valued at about $235,996,000. Lind Value II ApS purchased a new stake in Autoliv in the third quarter valued at about $35,818,000. Caxton Associates LP raised its stake in Autoliv by 121.9% in the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock valued at $82,690,000 after buying an additional 377,233 shares during the last quarter. AQR Capital Management LLC raised its stake in Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after buying an additional 281,956 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in Autoliv by 21.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after buying an additional 207,521 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ALV shares. Bank of America decreased their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company decreased their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Robert W. Baird increased their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Evercore ISI cut their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Stock Down 0.5 %

Shares of ALV stock opened at $97.95 on Monday. The stock has a 50 day moving average of $95.39 and a 200 day moving average of $104.61. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.71 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.88 and a beta of 1.59. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is currently 36.46%.

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.