Sanctuary Advisors LLC Acquires New Shares in Autoliv, Inc. (NYSE:ALV)

Sanctuary Advisors LLC bought a new stake in Autoliv, Inc. (NYSE:ALV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,759 shares of the auto parts company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB grew its stake in Autoliv by 20.5% in the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after purchasing an additional 402,426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after acquiring an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD grew its stake in shares of Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after acquiring an additional 207,521 shares during the last quarter. Caxton Associates LP grew its stake in shares of Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after acquiring an additional 377,233 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Autoliv by 130.2% during the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after acquiring an additional 281,956 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALV shares. Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a research report on Monday, July 15th. Citigroup dropped their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company dropped their target price on Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Friday, September 20th. Robert W. Baird decreased their price target on Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Barclays decreased their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $124.43.

Autoliv Stock Up 1.1 %

Shares of ALV opened at $93.89 on Friday. The stock has a fifty day simple moving average of $96.48 and a two-hundred day simple moving average of $107.94. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.64 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. Autoliv, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 earnings per share. As a group, equities analysts forecast that Autoliv, Inc. will post 8.44 EPS for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is 42.43%.

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.