Alberta Investment Management Corp Acquires Shares of 11,800 Autoliv, Inc. (NYSE:ALV)

Alberta Investment Management Corp bought a new position in Autoliv, Inc. (NYSE:ALV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,800 shares of the auto parts company’s stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. boosted its stake in Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after buying an additional 124 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Autoliv by 0.6% during the third quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after buying an additional 130 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Autoliv by 3.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after acquiring an additional 140 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 159 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALV has been the subject of a number of research analyst reports. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. HSBC cut Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.23.

Autoliv Stock Performance

NYSE:ALV opened at $97.41 on Friday. The firm has a market capitalization of $7.57 billion, a PE ratio of 12.07, a P/E/G ratio of 0.73 and a beta of 1.58. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The stock has a 50-day simple moving average of $95.74 and a two-hundred day simple moving average of $96.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Analysts forecast that Autoliv, Inc. will post 9.58 EPS for the current year.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.