Redpoint Investment Management Pty Ltd acquired a new position in Autoliv Inc. (NYSE:ALV) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,185 shares of the auto parts company’s stock, valued at approximately $224,000.
Several other institutional investors have also added to or reduced their stakes in ALV. Reynders McVeigh Capital Management LLC lifted its holdings in Autoliv by 1.7% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 9,398 shares of the auto parts company’s stock valued at $815,000 after purchasing an additional 160 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Autoliv by 3.8% in the 4th quarter. IFM Investors Pty Ltd now owns 4,505 shares of the auto parts company’s stock valued at $316,000 after purchasing an additional 166 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Autoliv by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,192 shares of the auto parts company’s stock valued at $575,000 after purchasing an additional 446 shares in the last quarter. Essex Savings Bank purchased a new position in Autoliv in the 4th quarter valued at about $35,000. Finally, CIBC Asset Management Inc lifted its holdings in Autoliv by 13.2% in the 3rd quarter. CIBC Asset Management Inc now owns 5,357 shares of the auto parts company’s stock valued at $464,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 32.58% of the company’s stock.
A number of research analysts have issued reports on the stock. TheStreet lowered shares of Autoliv from a “b-” rating to a “c+” rating in a report on Friday, January 4th. BMO Capital Markets restated a “hold” rating and issued a $79.00 target price on shares of Autoliv in a report on Wednesday, January 30th. Deutsche Bank assumed coverage on shares of Autoliv in a report on Thursday, December 13th. They issued a “sell” rating on the stock. Barclays set a $60.00 target price on shares of Autoliv and gave the company a “sell” rating in a report on Friday, January 4th. Finally, Mizuho restated a “hold” rating and issued a $80.00 target price on shares of Autoliv in a report on Tuesday, January 29th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $94.96.
NYSE ALV opened at $78.23 on Friday. Autoliv Inc. has a 12 month low of $67.26 and a 12 month high of $115.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a market cap of $6.82 billion, a PE ratio of 11.45, a P/E/G ratio of 1.13 and a beta of 1.37.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Tuesday, January 29th. The auto parts company reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.20). Autoliv had a net margin of 2.06% and a return on equity of 20.76%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company earned $2.29 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Autoliv Inc. will post 7.1 earnings per share for the current fiscal year.
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Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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