Blair William & Co. IL Buys Shares of 2,312 Autoliv, Inc. $ALV

Key Points

• Blair William & Co. IL has acquired a new stake in Autoliv, purchasing 2,312 shares valued at approximately $259,000 during the second quarter.
• Multiple institutional investors have increased their stakes in Autoliv, with the firm now having 69.57% of its shares held by hedge funds and other institutions.
• Autoliv recently reported strong quarterly earnings, with $2.32 earnings per share, surpassing analysts' expectations of $2.10 by $0.22.

Blair William & Co. IL bought a new stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,312 shares of the auto parts company's stock, valued at approximately $259,000.

Several other large investors have also modified their holdings of the business. Fortem Financial Group LLC boosted its position in shares of Autoliv by 2.3% during the first quarter. Fortem Financial Group LLC now owns 6,909 shares of the auto parts company's stock valued at $611,000 after buying an additional 156 shares during the period. Greenleaf Trust boosted its position in shares of Autoliv by 2.8% during the first quarter. Greenleaf Trust now owns 6,338 shares of the auto parts company's stock valued at $561,000 after buying an additional 172 shares during the period. Cetera Investment Advisers boosted its position in shares of Autoliv by 3.6% during the first quarter. Cetera Investment Advisers now owns 5,229 shares of the auto parts company's stock valued at $462,000 after buying an additional 183 shares during the period. Keeley Teton Advisors LLC boosted its position in shares of Autoliv by 1.1% during 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 buying an additional 183 shares during the period. Finally, CWM LLC boosted its position 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 buying an additional 186 shares during the period. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ALV shares. Royal Bank Of Canada started coverage on Autoliv in a report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target for the company. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Mizuho boosted their price target on Autoliv from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Wells Fargo & Company boosted their price target on Autoliv from $126.00 to $132.00 and gave the company an "equal weight" rating in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price target on Autoliv in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and an average target price of $127.00.

Autoliv Price Performance

Shares of ALV stock opened at $118.15 on Friday. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.54. The stock's 50-day moving average is $122.94 and its 200 day moving average is $109.91. The company has a market cap of $9.07 billion, a P/E ratio of 12.21, a PEG ratio of 0.94 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.22. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal 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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