Rhumbline Advisers grew its position in Autoliv Inc. (NYSE:ALV) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,282 shares of the auto parts company’s stock after acquiring an additional 2,870 shares during the period. Rhumbline Advisers’ holdings in Autoliv were worth $2,705,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ALV. SG Americas Securities LLC acquired a new position in shares of Autoliv in the fourth quarter worth about $152,000. Teachers Advisors LLC raised its position in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 1,058 shares during the period. Victory Capital Management Inc. raised its position in shares of Autoliv by 25.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock worth $262,000 after acquiring an additional 412 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Autoliv in the third quarter worth about $294,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Autoliv in the third quarter worth about $355,000. Institutional investors and hedge funds own 35.53% of the company’s stock.
In other news, insider Johan Lofvenholm sold 280 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.29. Autoliv had a net margin of 4.11% and a return on equity of 13.84%. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company earned $1.71 EPS. Autoliv’s revenue was up 4.8% compared to the same quarter last year. equities analysts expect that Autoliv Inc. will post 7.41 earnings per share for the current year.
Several research firms recently weighed in on ALV. Susquehanna Bancshares set a $137.00 price target on shares of Autoliv and gave the stock a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Citigroup upped their price target on shares of 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. Societe Generale downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets upped their price target on shares of Autoliv from $152.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus target price of $134.86.
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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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