Autoliv, Inc. $ALV Shares Purchased by Lancaster Investment Management

Key Points

• Lancaster Investment Management has increased its shares in Autoliv, Inc. by 1.1%, now holding approximately 913,060 shares, which constitutes 32.7% of its portfolio.
• Several hedge funds have significantly increased their positions in Autoliv, with Charles Schwab Investment Management raising its stake by 418.3% in the last quarter.
• Analysts have a Moderate Buy rating on Autoliv, with price targets ranging from $124.00 to $150.00, reflecting positive market sentiment.

Lancaster Investment Management increased its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 913,060 shares of the auto parts company's stock after purchasing an additional 9,523 shares during the period. Autoliv makes up 32.7% of Lancaster Investment Management's portfolio, making the stock its 2nd biggest position. Lancaster Investment Management owned about 1.19% of Autoliv worth $102,171,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Autoliv by 418.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after purchasing an additional 2,004,515 shares in the last quarter. Swedbank AB raised its position in Autoliv by 26.3% in the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock worth $268,307,000 after purchasing an additional 499,411 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Autoliv by 14.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock worth $164,257,000 after buying an additional 233,469 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Autoliv by 13.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 793,306 shares of the auto parts company's stock worth $70,168,000 after buying an additional 91,312 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Autoliv by 73.4% during the first quarter. LSV Asset Management now owns 556,633 shares of the auto parts company's stock worth $49,234,000 after buying an additional 235,553 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ALV shares. Jefferies Financial Group started coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective for the company. Barclays raised their price objective on shares of Autoliv from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. UBS Group reaffirmed a "neutral" rating and set a $124.00 price objective (up previously from $123.00) on shares of Autoliv in a report on Tuesday, October 7th. Robert W. Baird dropped their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $127.00.

Autoliv Price Performance

Shares of ALV stock opened at $121.01 on Thursday. The firm's 50 day moving average price is $122.67 and its two-hundred day moving average price is $109.35. The stock has a market cap of $9.29 billion, a PE ratio of 13.24, a PEG ratio of 0.94 and a beta of 1.33. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $129.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.87 earnings per share. As a group, analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.

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