Kingfisher Capital LLC Has $2.37 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Kingfisher Capital LLC lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 5.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,413 shares of the auto parts company’s stock after selling 1,536 shares during the quarter. Kingfisher Capital LLC’s holdings in Autoliv were worth $2,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Autoliv by 62.7% in 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 during the period. Quarry LP boosted its holdings in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 purchasing an additional 117 shares during the period. Picton Mahoney Asset Management acquired a new stake in Autoliv during the 2nd quarter valued at approximately $156,000. Finally, Wahed Invest LLC lifted its position in shares of Autoliv by 13.6% in 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 period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Autoliv stock opened at $98.60 on Friday. 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 fifty day simple moving average of $95.91 and a two-hundred day simple moving average of $103.30. The company has a market capitalization of $7.76 billion, a PE ratio of 12.84, a P/E/G ratio of 0.89 and a beta of 1.59.

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

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is currently 35.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ALV shares. Wells Fargo & Company dropped their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday. 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 increased their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Wolfe Research started coverage on shares of Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target for the company. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.