OLD Mission Capital LLC purchased a new stake in shares of Autoliv Inc. (NYSE:ALV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,688 shares of the auto parts company’s stock, valued at approximately $2,121,000.
Several other hedge funds have also recently made changes to their positions in ALV. Teachers Advisors LLC boosted its stake in shares of Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Autoliv by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock valued at $355,000 after purchasing an additional 249 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Autoliv during the second quarter valued at about $733,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Autoliv by 8.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,582 shares of the auto parts company’s stock valued at $1,555,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Autoliv during the third quarter valued at about $1,255,000. 35.53% of the stock is currently owned by hedge funds and other institutional investors.
ALV has been the subject of a number of analyst reports. ValuEngine downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Citigroup raised their price objective on Autoliv from $129.00 to $154.00 and gave the stock a “neutral” rating in a research report on Monday, March 5th. They noted that the move was a valuation call. Piper Jaffray Companies restated a “hold” rating and set a $138.00 price objective on shares of Autoliv in a research report on Tuesday, January 30th. Barclays raised their price objective on Autoliv from $94.00 to $106.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Finally, Guggenheim restated a “hold” rating and set a $150.00 price objective on shares of Autoliv in a research report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and a consensus price target of $134.75.
Shares of Autoliv Inc. (ALV) opened at $150.28 on Wednesday. The firm has a market capitalization of $13,036.36, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.32. Autoliv Inc. has a 1-year low of $96.08 and a 1-year high of $152.57.
Autoliv (NYSE:ALV) last issued its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.69 billion. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 earnings per share. equities analysts anticipate that Autoliv Inc. will post 7.36 EPS for the current year.
In other Autoliv news, insider Johan Lofvenholm sold 280 shares of Autoliv stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $143.30, for a total value of $40,124.00. Following the completion of the sale, the insider now directly owns 10,954 shares in the company, valued at $1,569,708.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
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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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