Swiss National Bank Has $14.10 Million Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Swiss National Bank trimmed its holdings in Autoliv, Inc. (NYSE:ALV) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,000 shares of the auto parts company’s stock after selling 3,500 shares during the quarter. Swiss National Bank’s holdings in Autoliv were worth $14,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALV. GAMMA Investing LLC lifted its stake in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. Quarry LP lifted its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Autoliv in the 2nd quarter valued at about $156,000. Finally, Wahed Invest LLC lifted its stake in shares of Autoliv by 13.6% in the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 174 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALV. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Wolfe Research began coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Price Performance

Autoliv stock opened at $98.87 on Friday. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $95.56 and its 200 day simple moving average is $104.17. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.86 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted 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 company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. Sell-side analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.83%. Autoliv’s dividend payout ratio (DPR) is currently 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.