Autoliv, Inc. $ALV Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Autoliv, Inc. (NYSE:ALV) by 10.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,335 shares of the auto parts company’s stock after selling 17,422 shares during the period. Principal Financial Group Inc. owned approximately 0.20% of Autoliv worth $19,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Autoliv by 1,892.3% in the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after buying an additional 246 shares in the last quarter. Root Financial Partners LLC acquired a new position in Autoliv during the third quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Autoliv by 103.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Autoliv by 18,550.0% in the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 371 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Autoliv in the 3rd quarter valued at about $53,000. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALV shares. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $109.00 to $140.00 in a research note on Wednesday, November 26th. Royal Bank Of Canada decreased their price target on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price target on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Berenberg Bank set a $134.00 target price on Autoliv in a report on Tuesday, October 21st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.40.

Autoliv Trading Up 1.3%

Autoliv stock opened at $125.91 on Monday. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.07 and a beta of 1.32. The company has a 50 day moving average price of $122.55 and a 200 day moving average price of $121.00.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.05 earnings per share. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.