54,397 Shares in Autoliv, Inc. $ALV Bought by Candriam S.C.A.

Candriam S.C.A. purchased a new position in Autoliv, Inc. (NYSE:ALV) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 54,397 shares of the auto parts company’s stock, valued at approximately $6,718,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Autoliv during the 2nd quarter worth about $110,368,000. Invesco Ltd. increased its position in Autoliv by 334.1% in the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after buying an additional 496,261 shares in the last quarter. LSV Asset Management raised its stake in Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock worth $114,147,000 after buying an additional 463,449 shares during the period. Hennessy Advisors Inc. bought a new position in Autoliv in the third quarter worth approximately $41,163,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Autoliv in the second quarter valued at approximately $34,816,000. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Autoliv Price Performance

ALV opened at $125.75 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.05 and a beta of 1.32. The firm’s fifty day moving average price is $122.81 and its two-hundred day moving average price is $121.11. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $3.05 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

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.