Foundations Investment Advisors LLC Buys Shares of 2,380 Autoliv, Inc. (NYSE:ALV)

Foundations Investment Advisors LLC bought a new position in Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,380 shares of the auto parts company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted 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 worth $28,000 after acquiring an additional 101 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Autoliv in the 1st quarter worth approximately $36,000. Quarry LP boosted its stake in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Headlands Technologies LLC increased its holdings in Autoliv by 427.6% during the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after buying an additional 667 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Down 0.3 %

Shares of Autoliv stock opened at $94.74 on Friday. The firm’s 50 day simple moving average is $96.37 and its two-hundred day simple moving average is $106.81. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 0.82 and a beta of 1.60. Autoliv, Inc. has a 12-month low of $89.37 and a 12-month high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released 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). The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 earnings per share. Analysts predict that Autoliv, Inc. will post 8.44 EPS for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors 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 dividend yield of 2.87%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI dropped their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird lifted their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays reduced their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. StockNews.com cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Company Profile

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.