Autoliv, Inc. $ALV Shares Purchased by Linden Thomas Advisory Services LLC

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Autoliv, Inc. by 40.6% during the second quarter, owning a total of 13,169 shares valued at approximately $1.47 million.
• Analysts have mixed ratings on Autoliv, with two giving it a Strong Buy, ten a Buy, and six a Hold, while the average price target stands at $128.00.
• Autoliv reported earnings of $2.32 per share, exceeding expectations and showing a revenue increase of 5.9% year-over-year, with total revenue of $2.71 billion.

Linden Thomas Advisory Services LLC lifted its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 40.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,169 shares of the auto parts company's stock after purchasing an additional 3,801 shares during the period. Linden Thomas Advisory Services LLC's holdings in Autoliv were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in Autoliv by 6.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,558 shares of the auto parts company's stock worth $622,000 after acquiring an additional 316 shares during the period. Lancaster Investment Management raised its position in Autoliv by 1.1% during the second quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company's stock worth $102,171,000 after acquiring an additional 9,523 shares during the period. Griffin Asset Management Inc. acquired a new position in Autoliv during the second quarter worth $206,000. CWM LLC raised its position in Autoliv by 393.6% during the second quarter. CWM LLC now owns 5,069 shares of the auto parts company's stock worth $567,000 after acquiring an additional 4,042 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in Autoliv by 26.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,908 shares of the auto parts company's stock worth $885,000 after acquiring an additional 1,644 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of research analyst reports. Cowen restated a "buy" rating on shares of Autoliv in a research report on Monday, October 20th. Robert W. Baird reduced their price objective on shares of Autoliv from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, October 20th. Berenberg Bank set a $134.00 target price on shares of Autoliv in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of Autoliv from $132.00 to $129.00 and set an "equal weight" rating for the company in a report on Monday, October 20th. Finally, Mizuho upped their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.00.

Autoliv Price Performance

Autoliv stock opened at $115.85 on Friday. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.54. The stock has a market cap of $8.80 billion, a P/E ratio of 11.97, a PEG ratio of 0.88 and a beta of 1.33. The company has a 50-day moving average price of $122.92 and a 200 day moving average price of $111.19. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the business earned $1.84 earnings per share. Autoliv's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share 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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