SG Americas Securities LLC Has $395,000 Stake in Autoliv, Inc. (NYSE:ALV)

SG Americas Securities LLC lifted its position in shares of Autoliv, Inc. (NYSE:ALV) by 22.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,235 shares of the auto parts company’s stock after purchasing an additional 789 shares during the quarter. SG Americas Securities LLC’s holdings in Autoliv were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Autoliv in the 2nd quarter valued at $963,000. Sanctuary Advisors LLC purchased a new stake in shares of Autoliv during the 2nd quarter valued at $402,000. Dana Investment Advisors Inc. increased its position in shares of Autoliv by 6.2% during the 2nd quarter. Dana Investment Advisors Inc. now owns 73,481 shares of the auto parts company’s stock valued at $7,862,000 after purchasing an additional 4,319 shares during the last quarter. Truist Financial Corp increased its position in shares of Autoliv by 13.8% during the 2nd quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock valued at $335,000 after purchasing an additional 380 shares during the last quarter. Finally, Quarry LP increased its position in shares of Autoliv by 133.5% during 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 last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALV. 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. Wells Fargo & Company decreased their target price on Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. Barclays cut 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. Citigroup cut their price target on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Wolfe Research started coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.43.

Autoliv Stock Performance

Shares of ALV opened at $93.89 on Friday. The company has a market cap of $7.64 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $96.48 and a 200-day moving average price of $107.94. Autoliv, Inc. has a 12-month low of $89.37 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last issued 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 the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. As a group, equities analysts forecast that Autoliv, Inc. will post 8.44 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.90%. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

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.