State of Alaska Department of Revenue Increases Stake in Autoliv, Inc. (NYSE:ALV)

State of Alaska Department of Revenue boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 7.2% during the 3rd quarter, Holdings Channel reports. The firm owned 8,561 shares of the auto parts company’s stock after acquiring an additional 575 shares during the quarter. State of Alaska Department of Revenue’s holdings in Autoliv were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP increased its holdings in Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the period. Headlands Technologies LLC raised its position in Autoliv by 427.6% during the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock worth $99,000 after buying an additional 667 shares during the last quarter. 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. Finally, Picton Mahoney Asset Management acquired a new stake in Autoliv during the 2nd quarter valued at approximately $156,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Evercore ISI decreased their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, HSBC started coverage on shares of Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price objective on the stock. Seven 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Price Performance

Autoliv stock opened at $94.96 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The company’s fifty day moving average price is $95.45 and its 200 day moving average price is $105.66. The stock has a market capitalization of $7.48 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.85 and a beta of 1.59. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38.

Autoliv (NYSE:ALV) last announced its 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 net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.66 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Autoliv, Inc. will post 8.22 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.86%. Autoliv’s dividend payout ratio (DPR) is currently 35.42%.

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.