SG Americas Securities LLC Acquires 4,005 Shares of Autoliv, Inc. $ALV

SG Americas Securities LLC grew its stake in shares of Autoliv, Inc. (NYSE:ALV) by 55.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,209 shares of the auto parts company’s stock after buying an additional 4,005 shares during the period. SG Americas Securities LLC’s holdings in Autoliv were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ALV. Charles Schwab Investment Management Inc. boosted its position in shares of Autoliv by 418.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after acquiring an additional 2,004,515 shares during the last quarter. Swedbank AB lifted its stake in Autoliv by 26.3% in the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock worth $268,307,000 after purchasing an additional 499,411 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company’s stock valued at $164,257,000 after purchasing an additional 233,469 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Autoliv by 26.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock valued at $111,845,000 after purchasing an additional 206,200 shares during the last quarter. Finally, Lancaster Investment Management grew its position in shares of Autoliv by 1.1% during the second quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company’s stock valued at $102,171,000 after purchasing an additional 9,523 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALV shares. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a research report on Friday, October 10th. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Barclays increased their target price on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a report on Tuesday, October 21st. Finally, Wall Street Zen raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Autoliv Trading Up 3.5%

ALV stock opened at $116.63 on Friday. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $129.54. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $120.90 and its two-hundred day simple moving average is $115.51.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $1.84 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date is Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 35.95%.

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.