Wedge Capital Management L L P NC Has $12.56 Million Position in Autoliv, Inc. $ALV

Wedge Capital Management L L P NC raised its holdings in Autoliv, Inc. (NYSE:ALV) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,093 shares of the auto parts company’s stock after buying an additional 6,804 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of Autoliv worth $12,557,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares during the period. Torren Management LLC bought a new position in Autoliv during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust lifted its stake in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares during the period. Quarry LP acquired a new stake in Autoliv during the third quarter valued at approximately $36,000. Finally, Johnson Financial Group Inc. acquired a new stake in Autoliv during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $121.06 on Thursday. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The firm has a 50 day moving average of $121.19 and a 200-day moving average of $118.22. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $8.87 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Royal Bank Of Canada lowered their price target on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. TD Cowen lowered their price target on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. UBS Group lifted their price objective on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Finally, Jefferies Financial Group raised Autoliv to a “hold” rating in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average price target of $135.93.

About Autoliv

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.