Wealth Enhancement Advisory Services LLC Takes $464,000 Position in Autoliv, Inc. $ALV

Key Points

• Wealth Enhancement Advisory Services LLC acquired a new position in Autoliv, Inc. (NYSE:ALV) valued at approximately $464,000 by purchasing 3,942 shares during the 2nd quarter.
• Autoliv recently reported earnings per share of $2.21 for the last quarter, beating analysts' consensus estimates of $2.07, along with a revenue of $2.71 billion.
• Analysts have a consensus rating of "Moderate Buy" on Autoliv, with an average price target of $125.00 and several upgrades from different investment firms.

Wealth Enhancement Advisory Services LLC purchased a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,942 shares of the auto parts company's stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ALV. SouthState Corp bought a new position in shares of Autoliv in the 1st quarter valued at $25,000. GAMMA Investing LLC increased its stake in shares of Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 204 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Autoliv in the 1st quarter valued at $44,000. Signaturefd LLC increased its stake in shares of Autoliv by 63.4% in the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 263 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Autoliv by 188.6% in the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 515 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Analyst Upgrades and Downgrades

ALV has been the topic of a number of research reports. Mizuho boosted their price objective on Autoliv from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 23rd. Jefferies Financial Group initiated coverage on Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Autoliv from $126.00 to $132.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 25th. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Barclays restated an "overweight" rating and set a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of "Moderate Buy" and an average price target of $125.00.

Autoliv Stock Up 1.8%

Autoliv stock opened at $127.84 on Monday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The firm has a 50 day moving average price of $121.39 and a two-hundred day moving average price of $108.00. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $128.03.

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

Autoliv Company 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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