ABN AMRO Bank N.V. Purchases New Holdings in Autoliv, Inc. $ALV

ABN AMRO Bank N.V. bought a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 256,715 shares of the auto parts company's stock, valued at approximately $28,889,000. ABN AMRO Bank N.V. owned approximately 0.33% of Autoliv as of its most recent filing with the SEC.

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A number of other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after buying an additional 2,004,515 shares in the last quarter. Swedbank AB raised its stake in shares of Autoliv by 26.3% during the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock valued at $268,307,000 after acquiring an additional 499,411 shares during the last quarter. LSV Asset Management grew its position in shares of Autoliv by 83.3% in 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock valued at $164,257,000 after purchasing an additional 233,469 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Autoliv by 26.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company's stock worth $111,845,000 after buying an additional 206,200 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

ALV stock opened at $112.73 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 11.65, a P/E/G ratio of 0.88 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $121.09 and a 200-day moving average of $115.36. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.54.

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Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.22. The business 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%.Autoliv's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. This is a boost from Autoliv's previous quarterly dividend of $0.85. The ex-dividend date is Friday, November 21st. Autoliv's dividend payout ratio is 35.95%.

Analyst Ratings Changes

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Several brokerages have issued reports on ALV. Mizuho boosted their price target on Autoliv from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. UBS Group reissued an "outperform" rating on shares of Autoliv in a research report on Monday, October 20th. Wall Street Zen raised Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Robert W. Baird cut their target price on Autoliv from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Monday, October 20th. Finally, Berenberg Bank set a $134.00 price target on Autoliv in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $128.00.

Check Out Our Latest Stock Report on ALV

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.

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