Barclays PLC Buys 8,859 Shares of Autoliv, Inc. (NYSE:ALV)

Barclays PLC raised its stake in Autoliv, Inc. (NYSE:ALV) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,216 shares of the auto parts company’s stock after acquiring an additional 8,859 shares during the quarter. Barclays PLC’s holdings in Autoliv were worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALV. FMR LLC lifted its stake in Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after purchasing an additional 376,665 shares during the last quarter. Swedbank AB grew its stake 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 acquiring an additional 205,241 shares during the period. Dimensional Fund Advisors LP increased its holdings in Autoliv by 3.2% in 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 acquiring an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after acquiring an additional 207,521 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Autoliv by 21.2% during the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after purchasing an additional 159,067 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Price Performance

Shares of NYSE:ALV opened at $93.69 on Wednesday. The company’s fifty day moving average price is $96.86 and its 200-day moving average price is $99.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly 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). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business earned $1.66 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. Autoliv’s payout ratio is presently 36.46%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALV shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays dropped their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company reduced their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, Wolfe Research initiated coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $122.46.

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.