Griffin Asset Management Inc. Acquires Shares of 1,841 Autoliv, Inc. $ALV

Griffin Asset Management Inc. acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,841 shares of the auto parts company’s stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new position in shares of Autoliv during the 1st quarter valued at $25,000. GAMMA Investing LLC raised its position 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 purchasing an additional 204 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Autoliv during the 1st quarter valued at approximately $44,000. Signaturefd LLC boosted its holdings in Autoliv by 63.4% in the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock worth $60,000 after buying an additional 263 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Autoliv in the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $117.05 on Tuesday. The business’s 50-day moving average price is $122.40 and its two-hundred day moving average price is $109.21. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $129.54. The stock has a market cap of $8.99 billion, a P/E ratio of 12.81, a PEG ratio of 1.19 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

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

Analysts Set New Price Targets

ALV has been the topic of several recent research reports. Barclays increased their target price on Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price objective on Autoliv from $126.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Mizuho increased their price objective on Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada started coverage on shares of Autoliv in a report on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, Wall Street Zen raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.00.

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.