HighTower Advisors LLC Has $762,000 Holdings in Autoliv, Inc. (NYSE:ALV)

HighTower Advisors LLC decreased its position in Autoliv, Inc. (NYSE:ALV) by 84.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,138 shares of the auto parts company’s stock after selling 44,884 shares during the period. HighTower Advisors LLC’s holdings in Autoliv were worth $762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighVista Strategies LLC purchased a new stake in shares of Autoliv in the third quarter valued at $672,000. Centiva Capital LP raised its position in Autoliv by 13.5% during the third quarter. Centiva Capital LP now owns 20,331 shares of the auto parts company’s stock valued at $1,898,000 after buying an additional 2,418 shares during the period. Paloma Partners Management Co purchased a new stake in Autoliv in the 3rd quarter worth about $654,000. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter worth about $45,000. Finally, Verition Fund Management LLC boosted its position in Autoliv by 733.2% during the 3rd quarter. Verition Fund Management LLC now owns 45,094 shares of the auto parts company’s stock worth $4,210,000 after acquiring an additional 39,682 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ALV shares. Bank of America reduced their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays dropped their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Wolfe Research began coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. Robert W. Baird boosted their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a report on Monday. Seven research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $122.46.

Autoliv Trading Down 3.0 %

Autoliv stock opened at $91.51 on Thursday. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company’s fifty day moving average price is $97.11 and its two-hundred day moving average price is $100.43. 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 $7.21 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) 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 company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $1.66 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.06%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is 36.46%.

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.