Autoliv, Inc. $ALV Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its holding in Autoliv, Inc. by 9.6% in the second quarter, now owning 64,717 shares valued at approximately $7.24 million.
• Autoliv reported a quarterly earnings per share of $2.21, surpassing analyst expectations and showing a year-over-year revenue increase of 4.2%.
• Analysts have a consensus rating of "Moderate Buy" for Autoliv, with target prices ranging from $124.00 to $140.00.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,717 shares of the auto parts company's stock after purchasing an additional 5,674 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Autoliv worth $7,242,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ALV. Fortem Financial Group LLC lifted its holdings in Autoliv by 2.3% in the first quarter. Fortem Financial Group LLC now owns 6,909 shares of the auto parts company's stock worth $611,000 after purchasing an additional 156 shares during the period. Greenleaf Trust lifted its stake in shares of Autoliv by 2.8% in the 1st quarter. Greenleaf Trust now owns 6,338 shares of the auto parts company's stock worth $561,000 after acquiring an additional 172 shares during the period. Cetera Investment Advisers lifted its stake in shares of Autoliv by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 5,229 shares of the auto parts company's stock worth $462,000 after acquiring an additional 183 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of Autoliv by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 17,530 shares of the auto parts company's stock valued at $1,551,000 after acquiring an additional 183 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Autoliv by 22.1% during the first quarter. CWM LLC now owns 1,027 shares of the auto parts company's stock valued at $91,000 after acquiring an additional 186 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Up 1.8%

Shares of NYSE ALV opened at $127.84 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $128.03. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.33 and a beta of 1.33. The business has a fifty day simple moving average of $121.39 and a 200-day simple moving average of $108.00.

Autoliv (NYSE:ALV - Get Free Report) last issued 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. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the business posted $1.87 EPS. Autoliv's revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALV. Royal Bank Of Canada initiated coverage on Autoliv in a research report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 target price for the company. Jefferies Financial Group assumed coverage on Autoliv in a report on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 price objective for the company. Barclays reaffirmed an "overweight" rating and set a $135.00 target price (up previously from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Autoliv in a research report on Saturday, September 27th. Finally, Robert W. Baird reduced their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Autoliv currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.00.

About Autoliv

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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