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

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

Several other hedge funds have also made changes to their positions in the company. Swedbank AB raised its holdings in shares of Autoliv by 8.5% in the third quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock valued at $321,254,000 after acquiring an additional 203,511 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Autoliv by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock worth $281,741,000 after acquiring an additional 34,064 shares in the last quarter. LSV Asset Management increased its position in Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after purchasing an additional 559,605 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Autoliv by 26.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock valued at $111,845,000 after purchasing an additional 206,200 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Autoliv in the 2nd quarter worth approximately $110,368,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reissued an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Wolfe Research set a $143.00 price target on Autoliv in a research report on Monday, January 12th. Morgan Stanley set a $140.00 price objective on Autoliv in a research note on Wednesday, November 26th. Robert W. Baird set a $132.00 target price on Autoliv in a research note on Monday, February 2nd. Finally, TD Cowen reissued a “buy” rating on shares of Autoliv in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $134.40.

Autoliv Trading Down 0.2%

Shares of NYSE:ALV opened at $124.92 on Tuesday. The business’s 50-day moving average is $123.39 and its 200 day moving average is $121.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14. The firm has a market capitalization 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.

Autoliv (NYSE:ALV) last issued its quarterly earnings results 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. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.05 earnings per share. On average, research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Company Profile

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.