NBT Bank N.A. Makes New Investment in Autoliv, Inc. $ALV

Key Points

• NBT Bank acquired 20,065 Autoliv shares during the third quarter, valued at approximately $2.25 million. Institutional investors collectively own 69.57% of the company, with several major funds increasing or initiating positions.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $134.92. However, some firms recently downgraded the stock or lowered their targets.
• Autoliv shares opened at $118.87, while the company recently paid a quarterly dividend of $0.87 per share, equivalent to a 2.9% annualized yield and a 40.99% payout ratio.

NBT Bank N.A. acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,065 shares of the auto parts company's stock, valued at approximately $2,245,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Autoliv during the second quarter worth about $573,245,000. Dimensional Fund Advisors LP grew its stake in shares of Autoliv by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company's stock worth $205,270,000 after purchasing an additional 70,424 shares during the last quarter. Wellington Management Group LLP increased its holdings in Autoliv by 21.4% during the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company's stock valued at $95,444,000 after purchasing an additional 145,013 shares during the period. Bank of New York Mellon Corp increased its holdings in Autoliv by 19.0% during the 1st quarter. Bank of New York Mellon Corp now owns 565,623 shares of the auto parts company's stock valued at $59,481,000 after purchasing an additional 90,412 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in Autoliv during the 2nd quarter valued at about $33,456,000. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ALV. Wolfe Research lowered Autoliv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada cut their price objective on Autoliv from $147.00 to $146.00 and set an "outperform" rating on the stock in a research report on Monday, October 12th. TD Cowen lowered Autoliv from a "buy" rating to a "hold" rating and cut their price objective for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Wells Fargo & Company boosted their target price on Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded Autoliv from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 24th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.92.

Autoliv Trading Up 2.5%

NYSE:ALV opened at $118.87 on Friday. The company has a 50-day moving average price of $117.91 and a 200-day moving average price of $119.17. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.96 and a beta of 1.39.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were given a dividend of $0.87 per share. The ex-dividend date was Friday, August 28th. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. Autoliv's payout ratio is currently 40.99%.

Autoliv Company Profile

Autoliv, Inc NYSE: ALV develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.

Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv, Inc. (NYSE:ALV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.