Charles Schwab Investment Management Inc. Has $45.53 Million Position in Autoliv, Inc. (NYSE:ALV)

Charles Schwab Investment Management Inc. grew its stake in shares of Autoliv, Inc. (NYSE:ALV) by 0.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 487,629 shares of the auto parts company’s stock after buying an additional 4,060 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.62% of Autoliv worth $45,530,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. Quarry LP raised its holdings in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Autoliv during the second quarter valued at $156,000. Finally, Rothschild Investment LLC acquired a new stake in Autoliv in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

ALV opened at $99.12 on Monday. The firm has a market capitalization of $7.81 billion, a PE ratio of 12.91, a P/E/G ratio of 0.89 and a beta of 1.59. The firm has a 50 day moving average of $96.03 and a two-hundred day moving average of $103.01. Autoliv, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion during 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 quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. On average, analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is currently 35.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Wolfe Research began 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. Barclays decreased their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird lifted their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.77.

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.