Public Employees Retirement Association of Colorado cut its holdings in Autoliv, Inc. (NYSE:ALV) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,298 shares of the auto parts company’s stock after selling 1,266 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Autoliv were worth $1,520,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Autoliv by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock valued at $140,724,000 after buying an additional 52,894 shares during the last quarter. Morgan Stanley boosted its stake in shares of Autoliv by 12.0% during the 1st quarter. Morgan Stanley now owns 52,448 shares of the auto parts company’s stock worth $5,364,000 after acquiring an additional 5,638 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Autoliv by 6.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,012 shares of the auto parts company’s stock worth $1,319,000 after acquiring an additional 720 shares during the period. Bank of Montreal Can boosted its stake in Autoliv by 3.0% in the 2nd 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 period. Finally, State of Alaska Department of Revenue boosted its stake in Autoliv by 8.0% in the 2nd 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 period. Hedge funds and other institutional investors own 32.71% of the company’s stock.
ALV has been the subject of several recent research reports. Piper Jaffray Companies reissued a “hold” rating and issued a $99.00 price target on shares of Autoliv in a research note on Wednesday, July 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $121.00 price target on shares of Autoliv in a report on Wednesday, July 26th. ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Buckingham Research raised Autoliv from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $87.00 to $114.00 in a research note on Friday, September 15th. Finally, Royal Bank Of Canada decreased their price target on Autoliv from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $108.55.
Shares of Autoliv, Inc. (NYSE ALV) opened at $121.19 on Monday. The company has a market cap of $10,537.85, a price-to-earnings ratio of 19.33, a PEG ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. Autoliv, Inc. has a one year low of $96.08 and a one year high of $127.75.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.63 earnings per share. Autoliv’s quarterly revenue was up 1.6% on a year-over-year basis. research analysts predict that Autoliv, Inc. will post 6.26 EPS for the current fiscal 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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