Todd Asset Management LLC Purchases New Position in Autoliv, Inc. (NYSE:ALV)

Todd Asset Management LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) in the 4th quarter, HoldingsChannel reports. The firm acquired 37,700 shares of the auto parts company’s stock, valued at approximately $3,536,000.

A number of other large investors have also recently made changes to their positions in ALV. Geode Capital Management LLC lifted its stake in Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. JPMorgan Chase & Co. raised its holdings in Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after purchasing an additional 76,510 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Autoliv by 1,437.4% in the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after purchasing an additional 48,612 shares during the period. HITE Hedge Asset Management LLC boosted its stake in shares of Autoliv by 32.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after purchasing an additional 33,490 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after buying an additional 8,859 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ALV shares. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a report on Tuesday, January 7th. Finally, Pareto Securities cut shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.23.

Autoliv Stock Up 0.9 %

NYSE:ALV opened at $99.10 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market cap of $7.70 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.73 and a beta of 1.58. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The firm has a 50-day simple moving average of $95.90 and a two-hundred day simple moving average of $96.61.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, March 7th. Autoliv’s dividend payout ratio is currently 34.70%.

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.