Legend Financial Advisors Inc. Boosts Stock Position in Autoliv, Inc. (NYSE:ALV)

Legend Financial Advisors Inc. increased its position in Autoliv, Inc. (NYSE:ALV) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 6,344 shares of the auto parts company’s stock after buying an additional 115 shares during the quarter. Autoliv makes up about 0.4% of Legend Financial Advisors Inc.’s holdings, making the stock its 29th largest holding. Legend Financial Advisors Inc.’s holdings in Autoliv were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALV. Quarry LP grew its position in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Fred Alger Management LLC purchased a new position in Autoliv during the 3rd quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 117 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after purchasing an additional 2,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in Autoliv during the third quarter valued at $222,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALV shares. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a report on Tuesday. Barclays lowered their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Wells Fargo & Company lowered their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

Autoliv Stock Up 1.2 %

ALV traded up $1.10 during trading on Tuesday, hitting $94.84. The stock had a trading volume of 601,640 shares, compared to its average volume of 496,635. The stock has a 50 day simple moving average of $96.42 and a two-hundred day simple moving average of $98.24. The company has a market capitalization of $7.37 billion, a PE ratio of 12.35, a PEG ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a twelve month low of $89.51 and a twelve month high of $129.38.

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

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.70 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.95%. Autoliv’s dividend payout ratio (DPR) is 36.46%.

About Autoliv

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.