New Century Financial Group LLC Buys Shares of 10,070 Autoliv, Inc. (NYSE:ALV)

New Century Financial Group LLC purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,070 shares of the auto parts company’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Register Financial Advisors LLC acquired a new stake in Autoliv in the first quarter worth about $36,000. Quarry LP grew its position in Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares in the last quarter. Headlands Technologies LLC increased its stake in Autoliv by 427.6% during the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after buying an additional 667 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Autoliv by 244.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock worth $101,000 after buying an additional 594 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

Shares of ALV stock opened at $99.52 on Friday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.82 and a beta of 1.60. Autoliv, Inc. has a 1-year low of $89.37 and a 1-year high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $96.54 and its 200-day simple moving average is $107.63.

Autoliv (NYSE:ALV) last released its earnings results 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). The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. On average, sell-side analysts predict that Autoliv, Inc. will post 8.44 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.73%. Autoliv’s dividend payout ratio is presently 42.43%.

Analyst Ratings Changes

ALV has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Wolfe Research started coverage on Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Evercore ISI dropped their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Citigroup decreased their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.43.

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.