Charles Schwab Investment Management Inc. Acquires 34,064 Shares of Autoliv, Inc. $ALV

Charles Schwab Investment Management Inc. grew its stake in Autoliv, Inc. (NYSE:ALV) by 1.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,517,790 shares of the auto parts company’s stock after acquiring an additional 34,064 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Autoliv were worth $281,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC grew its position in Autoliv by 22.1% in the first quarter. CWM LLC now owns 1,027 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Autoliv in the 1st quarter valued at $3,670,000. AE Wealth Management LLC bought a new stake in shares of Autoliv in the 1st quarter worth about $277,000. Cetera Investment Advisers increased its position in shares of Autoliv by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 5,229 shares of the auto parts company’s stock worth $462,000 after purchasing an additional 183 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in Autoliv during the 1st quarter valued at about $388,000. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

ALV has been the topic of several research analyst reports. Barclays upped their price objective on shares of Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Berenberg Bank set a $134.00 price target on Autoliv in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Autoliv in a report on Thursday, November 13th. Robert W. Baird reduced their price objective on Autoliv from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Finally, Wells Fargo & Company decreased their target price on Autoliv from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.57.

Autoliv Trading Down 1.4%

ALV stock opened at $114.98 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $129.54. The company has a market cap of $8.73 billion, a P/E ratio of 11.88, a PEG ratio of 0.88 and a beta of 1.35. The business has a fifty day moving average of $120.67 and a 200-day moving average of $115.96.

Autoliv (NYSE:ALV) last announced its quarterly earnings data 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 firm had revenue of $2.71 billion during 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 company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. As a group, equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, November 21st. Autoliv’s payout ratio is presently 35.95%.

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.