Autoliv, Inc. $ALV Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,369 shares of the auto parts company’s stock after selling 1,429 shares during the period. Mutual of America Capital Management LLC’s holdings in Autoliv were worth $3,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new position in Autoliv in the first quarter valued at about $25,000. GAMMA Investing LLC grew its stake in shares of Autoliv by 122.9% in the 1st 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. Signaturefd LLC grew its stake in shares of Autoliv by 63.4% in the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock valued at $60,000 after buying an additional 263 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Autoliv in the first quarter worth approximately $76,000. Finally, Parallel Advisors LLC grew its position in Autoliv by 91.2% in the second quarter. Parallel Advisors LLC now owns 719 shares of the auto parts company’s stock worth $80,000 after acquiring an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of Autoliv stock opened at $115.51 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The firm has a fifty day moving average price of $123.04 and a two-hundred day moving average price of $110.44. The company has a market cap of $8.77 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.33.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm earned $1.84 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on ALV shares. Jefferies Financial Group assumed coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 target price for the company. Mizuho upped their price objective on shares of Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. UBS Group reiterated an “outperform” rating on shares of Autoliv in a research note on Monday. Barclays upped their price target on Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Robert W. Baird decreased their target price on Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

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.