Cerity Partners LLC Has $418,000 Position in Autoliv, Inc. (NYSE:ALV)

Cerity Partners LLC lifted its position in shares of Autoliv, Inc. (NYSE:ALV) by 107.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,482 shares of the auto parts company’s stock after acquiring an additional 2,324 shares during the period. Cerity Partners LLC’s holdings in Autoliv were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ALV. Cetera Advisors LLC lifted its stake in Autoliv by 44.2% during the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock worth $506,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC boosted its stake in Autoliv by 62.7% in 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 in the last quarter. SG Americas Securities LLC boosted its stake in Autoliv by 13.5% in the second quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock valued at $369,000 after buying an additional 409 shares in the last quarter. M&G Plc grew its position in Autoliv by 4.9% in the second quarter. M&G Plc now owns 12,501 shares of the auto parts company’s stock valued at $1,338,000 after acquiring an additional 579 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Autoliv by 6.0% during the second quarter. AdvisorNet Financial Inc now owns 9,649 shares of the auto parts company’s stock worth $1,032,000 after acquiring an additional 544 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALV shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Wells Fargo & Company decreased their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday, October 21st. Robert W. Baird boosted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Bank of America lowered their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Barclays cut 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. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Performance

NYSE:ALV opened at $97.31 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a 50 day simple moving average of $96.53 and a two-hundred day simple moving average of $101.87. The company has a market capitalization of $7.66 billion, a PE ratio of 12.67, a P/E/G ratio of 0.88 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. Research analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is currently 36.46%.

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.