Autoliv, Inc. (NYSE:ALV) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Autoliv, Inc. (NYSE:ALV) by 38.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,315 shares of the auto parts company’s stock after purchasing an additional 76,510 shares during the period. JPMorgan Chase & Co. owned 0.35% of Autoliv worth $25,800,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after acquiring an additional 376,665 shares during the last quarter. Swedbank AB lifted its stake in shares of Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after purchasing an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the period. Finally, Geode Capital Management LLC increased its position in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after purchasing an additional 95,888 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ALV. Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Seven equities 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

Autoliv Stock Performance

Autoliv stock opened at $94.84 on Wednesday. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.37 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The stock has a 50 day moving average of $96.40 and a 200-day moving average of $98.15.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. On average, analysts expect 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 was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.95%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. 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.