Dana Investment Advisors Inc. Purchases 4,319 Shares of Autoliv, Inc. (NYSE:ALV)

Dana Investment Advisors Inc. raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 6.2% in the second quarter, HoldingsChannel reports. The firm owned 73,481 shares of the auto parts company’s stock after acquiring an additional 4,319 shares during the period. Dana Investment Advisors Inc.’s holdings in Autoliv were worth $7,862,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Swedbank AB increased its stake in shares of Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after buying an additional 402,426 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $140,892,000 after purchasing an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of 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 worth $117,330,000 after purchasing an additional 207,521 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after purchasing an additional 278,800 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of 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 purchasing an additional 477,800 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective 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, September 20th. BNP Paribas began coverage on Autoliv in a research note on Tuesday, June 18th. They set a “neutral” rating for the company. StockNews.com lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Evercore ISI reduced their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Citigroup lowered their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.71.

Autoliv Trading Down 2.1 %

Shares of NYSE:ALV opened at $93.37 on Tuesday. 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, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.68 and a beta of 1.60. The business has a 50-day moving average price of $97.45 and a 200-day moving average price of $110.16.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (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 analysts’ expectations of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. Equities analysts predict that Autoliv, Inc. will post 8.61 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were given a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a yield of 2.91%. Autoliv’s dividend payout ratio is presently 42.43%.

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.