Lombard Odier Asset Management Switzerland SA bought a new position in Autoliv Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,277 shares of the auto parts company’s stock, valued at approximately $925,000.
Other large investors also recently added to or reduced their stakes in the company. Strs Ohio raised its position in Autoliv by 13.1% in the 4th quarter. Strs Ohio now owns 13,429 shares of the auto parts company’s stock worth $1,706,000 after buying an additional 1,552 shares during the last quarter. Andra AP fonden grew its stake in shares of Autoliv by 16.9% during the 3rd quarter. Andra AP fonden now owns 16,600 shares of the auto parts company’s stock valued at $2,052,000 after purchasing an additional 2,400 shares during the period. HCR Wealth Advisors bought a new stake in shares of Autoliv during the 3rd quarter valued at about $424,000. Schwab Charles Investment Management Inc. grew its stake in shares of Autoliv by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 184,535 shares of the auto parts company’s stock valued at $23,451,000 after acquiring an additional 8,561 shares during the period. Finally, FNY Partners Fund LP grew its stake in shares of Autoliv by 31.8% during the 3rd quarter. FNY Partners Fund LP now owns 10,616 shares of the auto parts company’s stock valued at $1,312,000 after acquiring an additional 2,561 shares during the period. Institutional investors and hedge funds own 35.53% of the company’s stock.
Autoliv Inc. (NYSE:ALV) traded up $0.12 during mid-day trading on Wednesday, hitting $150.40. The company had a trading volume of 503,957 shares, compared to its average volume of 663,413. Autoliv Inc. has a 52-week low of $96.08 and a 52-week high of $152.57. The stock has a market cap of $13,080.00, a P/E ratio of 30.95, a PEG ratio of 2.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26.
Autoliv (NYSE:ALV) last released its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. Autoliv’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. sell-side analysts expect that Autoliv Inc. will post 7.36 EPS for the current fiscal year.
A number of brokerages recently issued reports on ALV. Citigroup boosted their price objective on Autoliv from $129.00 to $154.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. They noted that the move was a valuation call. ValuEngine cut Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Piper Jaffray Companies restated a “hold” rating and set a $138.00 price target on shares of Autoliv in a report on Tuesday, January 30th. Barclays upped their price objective on Autoliv from $94.00 to $106.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. Finally, Guggenheim reissued a “hold” rating and set a $150.00 price target on shares of Autoliv in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $134.75.
In other news, insider Johan Lofvenholm sold 280 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $143.30, for a total transaction of $40,124.00. Following the completion of the transaction, the insider now directly owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
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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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