Merewether Investment Management LP Has $598,000 Holdings in Autoliv, Inc. (NYSE:ALV)

Merewether Investment Management LP raised its holdings in Autoliv, Inc. (NYSE:ALV) by 73.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,400 shares of the auto parts company’s stock after acquiring an additional 2,700 shares during the period. Merewether Investment Management LP’s holdings in Autoliv were worth $598,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ALV. Swedbank AB grew its holdings in shares of Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after purchasing an additional 402,426 shares during the last quarter. Lind Value II ApS bought a new stake in shares of Autoliv during the third quarter worth $35,818,000. FMR LLC grew its stake 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 worth $607,335,000 after buying an additional 376,665 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Autoliv by 130.2% during the second 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. Finally, Mondrian Investment Partners LTD lifted its stake in shares of 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 valued at $117,330,000 after acquiring an additional 207,521 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

ALV has been the subject of a number of recent research reports. Barclays lowered their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Wolfe Research began coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Price Performance

Shares of NYSE:ALV opened at $97.15 on Wednesday. The stock’s 50 day moving average is $96.25 and its 200-day moving average is $102.46. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.90 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 during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.88%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is presently 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.