Alberta Investment Management Corp Makes New Investment in Autoliv, Inc. (NYSE:ALV)

Alberta Investment Management Corp purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,800 shares of the auto parts company’s stock, valued at approximately $1,107,000.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC raised its position in Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB increased its holdings in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Autoliv by 83.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock valued at $39,028,000 after acquiring an additional 190,654 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Autoliv by 21.2% during the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after acquiring an additional 159,067 shares during the period. Finally, Jane Street Group LLC grew its position in Autoliv by 94.2% during the 3rd quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company’s stock worth $19,700,000 after acquiring an additional 102,362 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALV has been the subject of several recent research reports. Hsbc Global Res downgraded Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Finally, Mizuho dropped their target price on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.23.

Autoliv Trading Down 1.7 %

ALV opened at $97.41 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52 week low of $89.51 and a 52 week high of $129.38. The stock has a market cap of $7.57 billion, a PE ratio of 12.07, a PEG ratio of 0.73 and a beta of 1.58. The business has a 50 day moving average of $95.74 and a 200-day moving average of $96.54.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities research analysts predict that Autoliv, Inc. will post 9.58 earnings per share for the current fiscal year.

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.