Fortem Financial Group LLC Raises Position in Autoliv, Inc. (NYSE:ALV)

Fortem Financial Group LLC grew its position in shares of Autoliv, Inc. (NYSE:ALV) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,753 shares of the auto parts company’s stock after buying an additional 228 shares during the quarter. Fortem Financial Group LLC’s holdings in Autoliv were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ALV. Lind Value II ApS purchased a new stake in Autoliv during the 3rd quarter valued at $35,818,000. FMR LLC boosted its position in shares of Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after buying an additional 376,665 shares during the last quarter. AQR Capital Management LLC increased its holdings in Autoliv by 130.2% in the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after buying an additional 281,956 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after buying an additional 207,521 shares during the last quarter. Finally, Swedbank AB raised its position in Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird increased their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $122.46.

Autoliv Price Performance

Autoliv stock traded up $0.21 during mid-day trading on Monday, hitting $93.50. The stock had a trading volume of 345,515 shares, compared to its average volume of 411,263. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $7.27 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.90 and a beta of 1.59. The firm’s 50 day moving average is $96.49 and its 200 day moving average is $98.33.

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). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $1.66 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s payout ratio is 36.46%.

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.