Victory Capital Management Inc. Has $443,000 Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Victory Capital Management Inc. lessened its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 17.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,741 shares of the auto parts company’s stock after selling 1,024 shares during the quarter. Victory Capital Management Inc.’s holdings in Autoliv were worth $443,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Swedbank AB lifted its position in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Autoliv by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after purchasing an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Autoliv by 130.2% during the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after purchasing an additional 281,956 shares during the last quarter. Finally, Lind Value II ApS acquired a new position in shares of Autoliv during the 3rd quarter worth about $35,818,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ALV shares. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday, October 21st. Barclays lowered their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Trading Up 0.5 %

ALV stock opened at $99.13 on Friday. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The firm has a market cap of $7.81 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.89 and a beta of 1.59. The business’s 50 day moving average is $95.91 and its 200-day moving average is $103.30. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last released its quarterly earnings data 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). 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 the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. Autoliv’s dividend payout ratio is 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.