Hennion & Walsh Asset Management Inc. Raises Stake in Autoliv, Inc. (NYSE:ALV)

Hennion & Walsh Asset Management Inc. raised its position in Autoliv, Inc. (NYSE:ALV) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,171 shares of the auto parts company’s stock after acquiring an additional 140 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Autoliv were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its position 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 during the last quarter. Fred Alger Management LLC purchased a new stake in shares of Autoliv during the 3rd quarter worth approximately $45,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Autoliv by 2,115.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after buying an additional 2,179 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Autoliv during the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $99.35 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $7.72 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.72 and a beta of 1.59. The company’s fifty day moving average is $96.25 and its two-hundred day moving average is $97.34. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s payout ratio is currently 36.46%.

Analyst Upgrades and Downgrades

ALV has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $121.62.

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.