Autoliv, Inc. $ALV Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Autoliv, Inc. (NYSE:ALV) by 42.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,253 shares of the auto parts company’s stock after selling 426,253 shares during the period. Massachusetts Financial Services Co. MA owned about 0.75% of Autoliv worth $70,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ALV. ProShare Advisors LLC grew its holdings in Autoliv by 3.6% in the second quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock valued at $353,000 after purchasing an additional 109 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Autoliv by 7.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,074 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 143 shares during the last quarter. Boston Trust Walden Corp grew its stake in Autoliv by 4.1% in the 3rd quarter. Boston Trust Walden Corp now owns 4,216 shares of the auto parts company’s stock valued at $521,000 after acquiring an additional 166 shares during the last quarter. GAMMA Investing LLC increased its holdings in Autoliv by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 733 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 169 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Autoliv by 103.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 177 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Down 2.6%

ALV stock opened at $123.09 on Wednesday. The company has a 50 day moving average price of $120.69 and a two-hundred day moving average price of $120.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95. The stock has a market capitalization of $9.35 billion, a P/E ratio of 12.72, a PEG ratio of 0.85 and a beta of 1.32. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a $0.87 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 35.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALV shares. Evercore ISI increased their price target on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Robert W. Baird set a $137.00 target price on Autoliv in a research note on Wednesday, January 14th. Wolfe Research set a $143.00 target price on Autoliv in a report on Monday, January 12th. Wells Fargo & Company dropped their price target on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 9th. Finally, Cowen restated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Autoliv Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.