Virtu Financial LLC Takes $1.68 Million Position in Autoliv, Inc. (NYSE:ALV)

Virtu Financial LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,042 shares of the auto parts company’s stock, valued at approximately $1,684,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP increased its holdings 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 valued at $4,855,000 after purchasing an additional 48,612 shares during the period. HITE Hedge Asset Management LLC increased its stake in Autoliv by 32.9% in 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 buying an additional 33,490 shares during the period. Marshall Wace LLP lifted its position in Autoliv by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock worth $29,186,000 after buying an additional 71,931 shares in the last quarter. Beddow Capital Management Inc. lifted its position in Autoliv by 14.4% in the 3rd quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company’s stock worth $7,553,000 after buying an additional 10,198 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Autoliv during the 2nd quarter valued at $236,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird increased their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company cut their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Barclays lowered their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America cut their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Stock Performance

Shares of ALV opened at $97.85 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company’s fifty day moving average price is $96.97 and its 200 day moving average price is $101.45. The company has a market capitalization of $7.71 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

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

Autoliv Increases Dividend

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

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.