American Century Companies Inc. Boosts Stock Holdings in Autoliv, Inc. (NYSE:ALV)

American Century Companies Inc. increased its position in Autoliv, Inc. (NYSE:ALV) by 17.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,733 shares of the auto parts company’s stock after acquiring an additional 18,082 shares during the period. American Century Companies Inc.’s holdings in Autoliv were worth $12,810,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALV. Janney Montgomery Scott LLC raised its stake in shares of Autoliv by 30.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,135 shares of the auto parts company’s stock worth $1,227,000 after purchasing an additional 2,629 shares during the last quarter. Norges Bank purchased a new position in Autoliv in the 4th quarter worth about $91,065,000. Corient Private Wealth LLC raised its position 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 during the last quarter. AXS Investments LLC bought a new position in Autoliv during the 4th quarter valued at about $661,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Autoliv by 146.8% during the 4th quarter. Hsbc Holdings PLC now owns 61,242 shares of the auto parts company’s stock valued at $6,748,000 after acquiring an additional 36,431 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. HSBC started coverage on shares of Autoliv in a report on Monday, July 15th. They set a “buy” rating and a $134.00 price objective for the company. Wells Fargo & Company decreased their target price 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. Barclays dropped their price target on Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Citigroup dropped their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus target price of $124.71.

Autoliv Price Performance

Shares of NYSE:ALV opened at $92.85 on Friday. The company has a market capitalization of $7.56 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.65 and a beta of 1.60. Autoliv, Inc. has a 1-year low of $89.37 and a 1-year high of $129.38. The firm’s 50 day simple moving average is $98.98 and its two-hundred day simple moving average is $111.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73.

Autoliv (NYSE:ALV) last released its earnings results 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). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm posted $1.93 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts expect that Autoliv, Inc. will post 9.05 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.93%. Autoliv’s payout ratio is 42.43%.

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.