Cubist Systematic Strategies LLC Purchases 19,314 Shares of Autoliv, Inc. (NYSE:ALV)

Cubist Systematic Strategies LLC raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 46.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,822 shares of the auto parts company’s stock after purchasing an additional 19,314 shares during the quarter. Cubist Systematic Strategies LLC owned 0.08% of Autoliv worth $6,507,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. KRS Capital Management LLC increased its position in shares of Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position 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 valued at $28,000 after buying an additional 101 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after buying an additional 107 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Up 2.8 %

ALV opened at $92.48 on Friday. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The firm’s fifty day moving average is $97.61 and its 200 day moving average is $110.67. Autoliv, Inc. has a fifty-two week low of $89.37 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $1.93 EPS. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.61 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Wolfe Research started coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. BNP Paribas began coverage on Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating for the company. Barclays lowered their target price on Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Finally, HSBC initiated coverage on Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price target for the company. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.71.

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.