Freestone Capital Holdings LLC purchased a new position in shares of Autoliv Inc. (NYSE:ALV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,645 shares of the auto parts company’s stock, valued at approximately $5,709,000.

Several other hedge funds also recently added to or reduced their stakes in ALV. Norges Bank bought a new stake in shares of Autoliv in the 4th quarter worth approximately $47,801,000. Lancaster Investment Management LLP bought a new stake in shares of Autoliv in the 4th quarter worth approximately $42,640,000. JPMorgan Chase & Co. raised its holdings in shares of Autoliv by 140.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock worth $28,842,000 after purchasing an additional 194,499 shares in the last quarter. FMR LLC raised its holdings in shares of Autoliv by 9.8% in the 4th quarter. FMR LLC now owns 1,971,007 shares of the auto parts company’s stock worth $138,423,000 after purchasing an additional 176,137 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Autoliv by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,616,434 shares of the auto parts company’s stock worth $140,114,000 after purchasing an additional 164,737 shares in the last quarter. Institutional investors own 34.55% of the company’s stock.

ALV stock opened at $64.49 on Friday. Autoliv Inc. has a 52-week low of $63.15 and a 52-week high of $115.37. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.81. The company has a market cap of $5.87 billion, a PE ratio of 9.44, a PEG ratio of 1.28 and a beta of 1.35.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.37). Autoliv had a net margin of 2.03% and a return on equity of 27.29%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Equities research analysts anticipate that Autoliv Inc. will post 6.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. Autoliv’s dividend payout ratio is currently 36.31%.

A number of analysts recently commented on ALV shares. Royal Bank of Canada downgraded shares of Autoliv from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from $74.00 to $70.00 in a report on Friday, April 5th. Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Longbow Research reiterated a “hold” rating on shares of Autoliv in a report on Wednesday, March 6th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. Finally, Citigroup dropped their target price on shares of Autoliv from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.96.

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Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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