Autoliv, Inc. (NYSE:ALV) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Autoliv, Inc. (NYSE:ALV) by 0.8% in the third quarter, Holdings Channel.com reports. The fund owned 487,629 shares of the auto parts company’s stock after buying an additional 4,060 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Autoliv were worth $45,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. Quarry LP lifted its holdings in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Autoliv in the 2nd quarter worth approximately $156,000. Finally, Rothschild Investment LLC acquired a new position in shares of Autoliv during the 2nd quarter worth $209,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $99.12 on Monday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. The business’s fifty day moving average price is $96.03 and its two-hundred day moving average price is $103.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its 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). The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. As a group, analysts predict 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. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is 35.42%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALV. Wolfe Research began coverage on shares of 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 for the company in a research note on Tuesday, October 15th. Robert W. Baird raised their target price 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 downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lowered their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.77.

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.