Barclays PLC Purchases 8,859 Shares of Autoliv, Inc. (NYSE:ALV)

Barclays PLC boosted its position in Autoliv, Inc. (NYSE:ALV) by 41.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,216 shares of the auto parts company’s stock after buying an additional 8,859 shares during the period. Barclays PLC’s holdings in Autoliv were worth $2,821,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the period. Quantinno Capital Management LP increased its holdings in Autoliv by 0.6% in the third quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock worth $2,190,000 after purchasing an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Autoliv by 2.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after buying an additional 156 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after buying an additional 162 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Autoliv by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 16,606 shares of the auto parts company’s stock worth $1,777,000 after buying an additional 197 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALV shares. Robert W. Baird lifted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday. Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Barclays dropped their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, 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. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.46.

Autoliv Price Performance

ALV opened at $93.69 on Wednesday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. 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 company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.90 and a beta of 1.59. The firm’s fifty day moving average price is $96.86 and its two-hundred day moving average price is $99.40.

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 the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is 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.