Todd Asset Management LLC Sells 5,647 Shares of Autoliv, Inc. $ALV

Todd Asset Management LLC lessened its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,863 shares of the auto parts company’s stock after selling 5,647 shares during the quarter. Todd Asset Management LLC’s holdings in Autoliv were worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALV. JPMorgan Chase & Co. lifted its position in Autoliv by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after purchasing an additional 18,673 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Autoliv by 1.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,263 shares of the auto parts company’s stock worth $2,873,000 after buying an additional 383 shares during the period. Cookson Peirce & Co. Inc. bought a new position in shares of Autoliv in the third quarter worth about $22,099,000. Illinois Municipal Retirement Fund purchased a new position in shares of Autoliv during the 3rd quarter valued at about $839,000. Finally, Leuthold Group LLC grew its stake in shares of Autoliv by 1,319.3% during the 3rd quarter. Leuthold Group LLC now owns 42,239 shares of the auto parts company’s stock valued at $5,217,000 after acquiring an additional 39,263 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Performance

NYSE ALV opened at $124.92 on Tuesday. The business’s 50 day moving average price is $123.39 and its 200-day moving average price is $121.46. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The company has a market cap of $9.49 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALV. Morgan Stanley set a $140.00 target price on shares of Autoliv in a research note on Wednesday, November 26th. Evercore reduced their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Barclays restated an “overweight” rating and set a $140.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Robert W. Baird set a $132.00 target price on shares of Autoliv in a report on Monday, February 2nd. Finally, Wall Street Zen cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.40.

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.