Renaissance Technologies LLC Increases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Renaissance Technologies LLC increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 158.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,400 shares of the auto parts company’s stock after buying an additional 67,700 shares during the quarter. Renaissance Technologies LLC owned 0.14% of Autoliv worth $11,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ALV. KRS Capital Management LLC grew its stake in shares of Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System increased its stake in Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after buying an additional 107 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Autoliv by 12.1% in the first quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after acquiring an additional 144 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Autoliv stock opened at $92.85 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. Autoliv, Inc. has a one year low of $89.37 and a one year high of $129.38. The firm has a market capitalization of $7.56 billion, a P/E ratio of 14.49, a PEG ratio of 0.65 and a beta of 1.60. The business has a fifty day moving average price of $98.98 and a 200-day moving average price of $111.29.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the firm earned $1.93 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Autoliv, Inc. will post 9.05 EPS for the current year.

Autoliv Announces Dividend

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

Analyst Upgrades and Downgrades

ALV has been the topic of a number of recent analyst reports. 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 report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $102.00 to $141.00 in a report on Tuesday, May 28th. Hsbc Global Res upgraded shares of Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Finally, HSBC initiated coverage on shares of Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price target for the company. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.