Janney Montgomery Scott LLC Has $779,000 Position in Autoliv, Inc. $ALV

Janney Montgomery Scott LLC increased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 26.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,964 shares of the auto parts company’s stock after purchasing an additional 1,474 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Autoliv were worth $779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in shares of Autoliv in the 1st quarter valued at $25,000. GAMMA Investing LLC lifted its stake in shares of Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after buying an additional 204 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Autoliv in the first quarter valued at about $44,000. Signaturefd LLC raised its holdings in shares of Autoliv by 63.4% in the first 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, Kestra Investment Management LLC purchased a new stake in Autoliv during the first quarter worth about $76,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALV has been the subject of a number of research reports. Mizuho increased their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a report on Friday, October 10th. Royal Bank Of Canada started coverage on shares of Autoliv in a research report on Wednesday, June 25th. They set an “outperform” rating and a $133.00 price objective on the stock. Finally, UBS Group reissued a “neutral” rating and set a $124.00 price objective (up from $123.00) on shares of Autoliv in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.00.

Autoliv Price Performance

Shares of NYSE:ALV opened at $121.01 on Thursday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.94 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 business has a 50-day simple moving average of $122.67 and a two-hundred day simple moving average of $109.35.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect 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.