Autoliv, Inc. (NYSE:ALV) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 65.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,976 shares of the auto parts company’s stock after selling 49,868 shares during the quarter. Bank of Montreal Can’s holdings in Autoliv were worth $2,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Autoliv by 126.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 52,274 shares of the auto parts company’s stock valued at $4,881,000 after purchasing an additional 29,186 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Autoliv by 107.7% in the 3rd quarter. Cerity Partners LLC now owns 4,482 shares of the auto parts company’s stock valued at $418,000 after purchasing an additional 2,324 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Autoliv by 55.0% in the 3rd quarter. Citigroup Inc. now owns 70,751 shares of the auto parts company’s stock valued at $6,606,000 after purchasing an additional 25,091 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock valued at $45,530,000 after purchasing an additional 4,060 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Autoliv by 83.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock valued at $39,028,000 after purchasing an additional 190,654 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALV has been the subject of several research reports. Wells Fargo & Company reduced their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Bank of America reduced their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Barclays reduced their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Stock Performance

ALV opened at $96.78 on Friday. The stock has a market cap of $7.62 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $96.49 and its 200 day simple moving average is $102.39. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38.

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

Autoliv Increases Dividend

The company also recently declared 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 of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio 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.