Janney Montgomery Scott LLC Boosts Stock Position in Autoliv, Inc. (NYSE:ALV)

Janney Montgomery Scott LLC grew its holdings in Autoliv, Inc. (NYSE:ALV) by 15.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,612 shares of the auto parts company’s stock after buying an additional 1,153 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Autoliv were worth $804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ALV. M&G Plc purchased a new stake in shares of Autoliv in the first quarter valued at approximately $1,431,000. Acadian Asset Management LLC acquired a new stake in shares of Autoliv in the first quarter worth approximately $522,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Autoliv by 0.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 59,815 shares of the auto parts company’s stock worth $7,202,000 after acquiring an additional 195 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Autoliv by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 132,341 shares of the auto parts company’s stock worth $15,939,000 after acquiring an additional 4,844 shares during the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Autoliv in the first quarter worth approximately $275,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALV. Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target on the stock. Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday, October 21st. Bank of America lowered their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Stock Performance

Shares of Autoliv stock opened at $97.95 on Monday. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The business’s fifty day simple moving average is $95.39 and its 200-day simple moving average is $104.61. The firm has a market cap of $7.71 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $1.66 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is 36.46%.

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.