Autoliv, Inc. $ALV Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Autoliv, Inc. (NYSE:ALV) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,991 shares of the auto parts company’s stock after selling 385 shares during the quarter. State of Alaska Department of Revenue’s holdings in Autoliv were worth $894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALV. GAMMA Investing LLC raised its stake in Autoliv by 19,615.1% during the first quarter. GAMMA Investing LLC now owns 32,727 shares of the auto parts company’s stock valued at $2,895,000 after buying an additional 32,561 shares in the last quarter. Rhumbline Advisers raised its position in shares of Autoliv by 1.1% during the 1st quarter. Rhumbline Advisers now owns 133,788 shares of the auto parts company’s stock worth $11,834,000 after purchasing an additional 1,399 shares during the period. Gateway Investment Advisers LLC raised its position in shares of Autoliv by 1.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 29,307 shares of the auto parts company’s stock worth $2,592,000 after purchasing an additional 518 shares during the period. UMB Bank n.a. raised its position in shares of Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 515 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Autoliv by 37.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,644 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 723 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank Of Canada assumed coverage on Autoliv in a research report on Wednesday, June 25th. They set an “outperform” rating and a $133.00 price target on the stock. Barclays reiterated an “overweight” rating and set a $135.00 price target (up from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Wells Fargo & Company increased their price target 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 raised Autoliv from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Finally, Robert W. Baird decreased their price objective on Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Autoliv Stock Performance

Shares of NYSE ALV opened at $127.48 on Tuesday. The stock has a fifty day moving average price of $121.61 and a two-hundred day moving average price of $108.26. 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 market cap of $9.79 billion, a P/E ratio of 13.95, a PEG ratio of 1.33 and a beta of 1.33. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $129.54.

Autoliv (NYSE:ALV) last issued its quarterly earnings results 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 firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

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.