Massachusetts Financial Services Co. MA Purchases 190,654 Shares of Autoliv, Inc. (NYSE:ALV)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 83.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,992 shares of the auto parts company’s stock after acquiring an additional 190,654 shares during the period. Massachusetts Financial Services Co. MA owned about 0.53% of Autoliv worth $39,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Autoliv by 62.7% during the second 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 in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Autoliv by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after acquiring an additional 156 shares during the period. Victory Capital Management Inc. raised its position in shares of Autoliv by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after acquiring an additional 162 shares in the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $98.89 on Monday. The stock has a 50-day moving average of $95.63 and a two-hundred day moving average of $103.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market cap of $7.79 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.88 and a beta of 1.59. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38.

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

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is 35.42%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target on the stock. Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America lowered their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $122.77.

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.