Rhumbline Advisers Raises Stake in Autoliv, Inc. (NYSE:ALV)

Rhumbline Advisers grew its stake in Autoliv, Inc. (NYSE:ALV) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,389 shares of the auto parts company’s stock after purchasing an additional 4,483 shares during the period. Rhumbline Advisers owned about 0.17% of Autoliv worth $12,417,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. ABC Arbitrage SA purchased a new stake in Autoliv in the 4th quarter worth approximately $394,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Autoliv in the 4th quarter worth approximately $3,392,000. Van ECK Associates Corp boosted its position in Autoliv by 40.0% in the 4th quarter. Van ECK Associates Corp now owns 67,751 shares of the auto parts company’s stock worth $6,354,000 after purchasing an additional 19,360 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Autoliv in the 4th quarter worth approximately $595,000. Finally, Retirement Systems of Alabama boosted its position in Autoliv by 3.3% in the 4th quarter. Retirement Systems of Alabama now owns 186,154 shares of the auto parts company’s stock worth $17,459,000 after purchasing an additional 5,980 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 1.7 %

Shares of ALV opened at $97.41 on Monday. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The company has a market capitalization of $7.57 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. The stock has a fifty day simple moving average of $95.74 and a two-hundred day simple moving average of $96.56. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, equities analysts forecast that Autoliv, Inc. will post 9.58 EPS for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is presently 34.70%.

Analyst Ratings Changes

ALV has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Mizuho decreased their target price on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, HSBC downgraded Autoliv from a “buy” rating to a “hold” rating and reduced their price objective for the company from $109.00 to $100.00 in a research note on Tuesday, February 4th. Nine equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.23.

Autoliv 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.