BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Autoliv, Inc. (NYSE:ALV) by 49.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,973 shares of the auto parts company’s stock after selling 53,136 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of Autoliv worth $6,795,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALV. Bank of Montreal Can increased its holdings in Autoliv by 3.0% during the 2nd quarter. Bank of Montreal Can now owns 10,413 shares of the auto parts company’s stock worth $1,143,000 after purchasing an additional 305 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Autoliv by 56.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,800 shares of the auto parts company’s stock worth $1,845,000 after purchasing an additional 6,046 shares in the last quarter. Strs Ohio increased its holdings in Autoliv by 6.2% during the 2nd quarter. Strs Ohio now owns 11,330 shares of the auto parts company’s stock worth $1,244,000 after purchasing an additional 662 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Autoliv by 8.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $280,000 after purchasing an additional 200 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in Autoliv by 0.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 36,500 shares of the auto parts company’s stock worth $4,049,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.
In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.
ALV has been the subject of a number of research reports. Evercore ISI reiterated an “underperform” rating and set a $100.00 target price (up previously from $85.00) on shares of Autoliv in a report on Monday, September 18th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, November 1st. Deutsche Bank restated a “hold” rating and issued a $120.00 price objective (up previously from $101.00) on shares of Autoliv in a report on Thursday, September 14th. Citigroup raised their price objective on Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, September 15th. Finally, KeyCorp raised their price objective on Autoliv from $124.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $110.48.
Shares of Autoliv, Inc. (ALV) opened at $127.75 on Tuesday. Autoliv, Inc. has a one year low of $96.08 and a one year high of $129.84. The stock has a market cap of $11,186.52, a PE ratio of 20.52, a P/E/G ratio of 2.50 and a beta of 1.11. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31.
Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $1.63 EPS. Autoliv’s revenue was up 1.6% on a year-over-year basis. equities analysts predict that Autoliv, Inc. will post 6.28 earnings per share for the current fiscal year.
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Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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