Royal Bank of Canada Increases Stock Position in Autoliv, Inc. (NYSE:ALV)

Royal Bank of Canada increased its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,844 shares of the auto parts company's stock after acquiring an additional 14,180 shares during the period. Royal Bank of Canada owned about 0.19% of Autoliv worth $13,584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after acquiring an additional 124 shares in the last quarter. US Bancorp DE lifted its position in shares of Autoliv by 3.5% during the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock worth $358,000 after buying an additional 130 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after buying an additional 134 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Autoliv by 2.3% in the fourth quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company's stock valued at $552,000 after acquiring an additional 135 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Autoliv by 0.6% during the fourth quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company's stock valued at $2,213,000 after acquiring an additional 136 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of ALV traded down $1.40 during mid-day trading on Friday, reaching $103.25. 376,473 shares of the stock traded hands, compared to its average volume of 830,401. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $128.66. The firm has a fifty day moving average price of $92.01 and a 200 day moving average price of $94.63. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. As a group, equities research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, May 21st. Autoliv's payout ratio is currently 32.22%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALV. TD Cowen began coverage on Autoliv in a research report on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective on the stock. UBS Group lifted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Friday, May 9th. Pareto Securities cut shares of Autoliv to a "hold" rating in a report on Monday, February 3rd. Finally, Wall Street Zen raised Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.00.

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.