XTX Topco Ltd Purchases 5,213 Shares of Autoliv, Inc. (NYSE:ALV)

XTX Topco Ltd lifted its position in shares of Autoliv, Inc. (NYSE:ALV) by 141.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,896 shares of the auto parts company’s stock after purchasing an additional 5,213 shares during the quarter. XTX Topco Ltd’s holdings in Autoliv were worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALV. Swedbank AB purchased a new position in shares of Autoliv during the first quarter worth approximately $235,996,000. Norges Bank bought a new stake in Autoliv in the fourth quarter worth $91,065,000. Balyasny Asset Management L.P. boosted its position in Autoliv by 169.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock valued at $83,661,000 after buying an additional 477,800 shares during the period. Caxton Associates LP boosted its position in Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock valued at $82,690,000 after buying an additional 377,233 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Autoliv by 41.0% during the fourth quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after buying an additional 278,800 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ALV shares. Barclays lowered their target price on Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. StockNews.com lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Robert W. Baird decreased their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Citigroup dropped their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.71.

Autoliv Trading Down 3.8 %

NYSE ALV opened at $92.85 on Friday. The firm has a market capitalization of $7.56 billion, a PE ratio of 14.49, a P/E/G ratio of 0.65 and a beta of 1.60. The stock’s 50 day moving average is $98.98 and its 200 day moving average is $111.34. Autoliv, Inc. has a twelve month low of $89.37 and a twelve month high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS. Research analysts forecast that Autoliv, Inc. will post 9.05 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

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

Autoliv 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.