Autoliv, Inc. $ALV Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,558 shares of the auto parts company’s stock after buying an additional 316 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Autoliv were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp acquired a new position in Autoliv during the 1st quarter worth about $25,000. GAMMA Investing LLC increased its stake in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 204 shares during the period. Signaturefd LLC lifted its position in shares of Autoliv by 63.4% during the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 263 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Autoliv during the first quarter worth about $76,000. Finally, Parallel Advisors LLC boosted its stake in shares of Autoliv by 91.2% in the second quarter. Parallel Advisors LLC now owns 719 shares of the auto parts company’s stock valued at $80,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALV. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Berenberg Bank set a $134.00 price objective on Autoliv in a research report on Tuesday, October 21st. Cowen reiterated a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Wells Fargo & Company cut their price target on Autoliv from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Finally, Robert W. Baird decreased their price objective on Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.00.

Autoliv Price Performance

ALV stock opened at $116.95 on Friday. The business has a 50 day moving average price of $122.53 and a 200 day moving average price of $112.41. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.88 and a beta of 1.33. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.54.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. Equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share 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.