Canada Pension Plan Investment Board lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 23.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,798 shares of the auto parts company’s stock after selling 9,513 shares during the period. Canada Pension Plan Investment Board’s holdings in Autoliv were worth $3,807,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ALV. Vanguard Group Inc. grew its holdings in Autoliv by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock valued at $140,724,000 after purchasing an additional 52,894 shares during the last quarter. Morgan Stanley grew its holdings in Autoliv by 12.0% during the first quarter. Morgan Stanley now owns 52,448 shares of the auto parts company’s stock valued at $5,364,000 after purchasing an additional 5,638 shares during the last quarter. Bank of Montreal Can grew its holdings in Autoliv by 3.0% during the second quarter. Bank of Montreal Can now owns 10,413 shares of the auto parts company’s stock valued at $1,143,000 after purchasing an additional 305 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Autoliv by 8.0% during the second quarter. State of Alaska Department of Revenue now owns 4,070 shares of the auto parts company’s stock valued at $446,000 after purchasing an additional 300 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Autoliv by 508.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,327 shares of the auto parts company’s stock valued at $1,573,000 after purchasing an additional 11,974 shares during the last quarter. Institutional investors own 32.69% of the company’s stock.
Several research firms have recently weighed in on ALV. KeyCorp reissued a “buy” rating and issued a $146.00 price objective (up from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, November 1st. Pareto Securities raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Jefferies Group LLC set a $145.00 price objective on Autoliv and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $99.00 price objective on Autoliv and gave the company a “hold” rating in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and a consensus price target of $108.55.
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Shares of Autoliv, Inc. (NYSE ALV) opened at $120.00 on Thursday. Autoliv, Inc. has a 12 month low of $96.08 and a 12 month high of $127.75. The firm has a market capitalization of $10,689.15, a price-to-earnings ratio of 19.61, a PEG ratio of 2.39 and a beta of 1.10. 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 announced its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $1.63 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. sell-side analysts predict that Autoliv, Inc. will post 6.26 EPS for the current year.
Autoliv Company Profile
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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