HighVista Strategies LLC Makes New $951,000 Investment in Autoliv, Inc. $ALV

HighVista Strategies LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,500 shares of the auto parts company’s stock, valued at approximately $951,000.

A number of other large investors have also recently modified their holdings of ALV. Norges Bank purchased a new position in shares of Autoliv in the 2nd quarter valued at approximately $110,368,000. Swedbank AB raised its holdings in Autoliv by 26.3% in the second 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. Invesco Ltd. lifted its position in Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after buying an additional 496,261 shares during the period. LSV Asset Management boosted its holdings in shares of Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after buying an additional 463,449 shares in the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in shares of Autoliv during the 2nd quarter valued at $28,889,000. Institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research report on Friday, October 10th. Mizuho lifted their price objective on Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a research report on Monday, October 20th. Finally, Robert W. Baird reduced their price target on Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.63.

Autoliv Trading Up 3.2%

Shares of NYSE ALV opened at $119.82 on Thursday. The business has a fifty day moving average price of $119.00 and a 200 day moving average price of $117.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.54. The stock has a market capitalization of $9.10 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. Equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. Autoliv’s payout ratio is currently 35.95%.

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.