KLP Kapitalforvaltning AS Has $1.69 Million Stock Position in Autoliv, Inc. $ALV

KLP Kapitalforvaltning AS trimmed its position in Autoliv, Inc. (NYSE:ALV) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,100 shares of the auto parts company’s stock after selling 300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Autoliv were worth $1,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALV. Fortem Financial Group LLC boosted its holdings in shares of Autoliv by 2.3% during the first quarter. Fortem Financial Group LLC now owns 6,909 shares of the auto parts company’s stock worth $611,000 after purchasing an additional 156 shares during the period. Greenleaf Trust boosted its holdings in shares of Autoliv by 2.8% during the first quarter. Greenleaf Trust now owns 6,338 shares of the auto parts company’s stock worth $561,000 after purchasing an additional 172 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Autoliv by 3.6% during the first quarter. Cetera Investment Advisers now owns 5,229 shares of the auto parts company’s stock worth $462,000 after purchasing an additional 183 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of Autoliv by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 17,530 shares of the auto parts company’s stock worth $1,551,000 after purchasing an additional 183 shares during the period. Finally, CWM LLC boosted its holdings in shares of Autoliv by 22.1% during the first quarter. CWM LLC now owns 1,027 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 186 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALV has been the subject of several research reports. Barclays raised their price target on shares of Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research report on Wednesday, October 8th. Robert W. Baird cut their price objective on shares of Autoliv from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Monday, July 21st. Wells Fargo & Company raised their price objective on shares of Autoliv from $126.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Finally, Jefferies Financial Group initiated coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a “buy” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.00.

Autoliv Trading Down 3.0%

NYSE:ALV opened at $115.47 on Monday. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.54. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.19 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $122.28 and its 200-day moving average is $109.01.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Autoliv, Inc. will post 9.51 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.