Advisors Asset Management Inc. Sells 1,256 Shares of Autoliv, Inc. (ALV)
Advisors Asset Management Inc. decreased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 55.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,006 shares of the auto parts company’s stock after selling 1,256 shares during the quarter. Advisors Asset Management Inc.’s holdings in Autoliv were worth $124,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares during the last quarter. Victory Capital Management Inc. raised its stake in Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after buying an additional 414 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Autoliv by 8.1% in the second quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.
In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. research analysts anticipate that Autoliv, Inc. will post 6.28 EPS for the current year.
Several research firms have recently weighed in on ALV. KeyCorp restated a “buy” rating and issued a $146.00 price target (up previously from $136.00) on shares of Autoliv in a research note on Monday, November 6th. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, November 1st. Pareto Securities raised Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Jefferies Group set a $145.00 price objective on Autoliv and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $99.00 price objective on Autoliv and gave the stock a “hold” rating in a report on Monday, October 16th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and an average price target of $109.23.
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Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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