Janney Montgomery Scott LLC Grows Holdings in Autoliv, Inc. (NYSE:ALV)

Janney Montgomery Scott LLC grew its position in shares of Autoliv, Inc. (NYSE:ALV) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,046 shares of the auto parts company’s stock after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC’s holdings in Autoliv were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp boosted its position in Autoliv by 13.8% during the second quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock worth $335,000 after acquiring an additional 380 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Autoliv during the 2nd quarter worth $402,000. SG Americas Securities LLC boosted its holdings in shares of Autoliv by 22.9% during the third quarter. SG Americas Securities LLC now owns 4,235 shares of the auto parts company’s stock worth $395,000 after purchasing an additional 789 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Autoliv by 35.7% in the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the auto parts company’s stock valued at $1,989,000 after purchasing an additional 5,600 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Autoliv by 12.0% in the third quarter. Wedge Capital Management L L P NC now owns 119,972 shares of the auto parts company’s stock valued at $11,202,000 after purchasing an additional 12,900 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALV has been the topic of a number of research analyst reports. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $109.00 to $100.00 in a research note on Tuesday. Robert W. Baird raised their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Hsbc Global Res lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company decreased their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Finally, Barclays lowered their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.23.

Autoliv Trading Down 0.7 %

Shares of ALV opened at $93.83 on Friday. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The stock’s 50-day moving average is $96.20 and its two-hundred day moving average is $96.71. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a market cap of $7.29 billion, a PE ratio of 11.63, a P/E/G ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities analysts forecast that Autoliv, Inc. will post 10.05 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. Autoliv’s dividend payout ratio is 34.70%.

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.