Cresset Asset Management LLC Makes New $2.25 Million Investment in Autoliv, Inc. $ALV

Cresset Asset Management LLC acquired a new stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,133 shares of the auto parts company’s stock, valued at approximately $2,253,000.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Autoliv during the 1st quarter valued at approximately $1,029,000. Entropy Technologies LP purchased a new position in shares of Autoliv during the first quarter valued at approximately $407,000. Zurich Insurance Group Ltd FI bought a new position in shares of Autoliv during the first quarter valued at approximately $1,300,000. Northern Trust Corp lifted its stake in Autoliv by 1.3% in the first quarter. Northern Trust Corp now owns 501,403 shares of the auto parts company’s stock worth $44,349,000 after acquiring an additional 6,215 shares during the period. Finally, Lancaster Investment Management lifted its stake in Autoliv by 1.1% in the second quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company’s stock worth $102,171,000 after acquiring an additional 9,523 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Trading Down 0.0%

Shares of NYSE ALV opened at $117.41 on Tuesday. The firm’s 50 day moving average price is $119.24 and its 200-day moving average price is $117.16. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.54. 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 company has a market cap of $8.92 billion, a PE ratio of 12.13, a P/E/G ratio of 0.89 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 EPS. On average, equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group restated an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Robert W. Baird decreased their price target on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Mizuho lifted their price objective on Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $109.00 to $140.00 in a report on Wednesday, November 26th. Finally, Wells Fargo & Company decreased their target price on Autoliv from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.88.

Autoliv Company 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.