OLD Mission Capital LLC acquired a new position in shares of Autoliv Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,688 shares of the auto parts company’s stock, valued at approximately $2,121,000.
A number of other hedge funds have also recently bought and sold shares of the business. Teachers Advisors LLC increased its position in Autoliv by 394.9% during the 4th quarter. Teachers Advisors LLC now owns 7,557 shares of the auto parts company’s stock worth $960,000 after buying an additional 6,030 shares during the period. Guggenheim Capital LLC increased its position in Autoliv by 21.5% during the 4th quarter. Guggenheim Capital LLC now owns 7,783 shares of the auto parts company’s stock worth $989,000 after buying an additional 1,378 shares during the period. Deutsche Bank AG increased its position in Autoliv by 14.0% during the 4th quarter. Deutsche Bank AG now owns 142,195 shares of the auto parts company’s stock worth $18,068,000 after buying an additional 17,436 shares during the period. Quantitative Investment Management LLC increased its position in Autoliv by 23.6% during the 4th quarter. Quantitative Investment Management LLC now owns 71,800 shares of the auto parts company’s stock worth $9,124,000 after buying an additional 13,700 shares during the period. Finally, Highland Capital Management LP bought a new position in Autoliv during the 4th quarter worth $508,000. Hedge funds and other institutional investors own 35.53% of the company’s stock.
Several research analysts have weighed in on ALV shares. Longbow Research started coverage on Autoliv in a research report on Friday, January 5th. They set a “buy” rating and a $155.00 price objective on the stock. ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Mizuho reiterated a “buy” rating and set a $140.00 price objective on shares of Autoliv in a research report on Monday, December 11th. Cowen reiterated a “hold” rating and set a $139.00 price objective on shares of Autoliv in a research report on Friday, January 19th. Finally, Guggenheim reiterated a “hold” rating and set a $135.00 price objective on shares of Autoliv in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $134.75.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.29. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.69 billion. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. Autoliv’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. research analysts anticipate that Autoliv Inc. will post 7.36 earnings per share for the current year.
In related news, insider Johan Lofvenholm sold 280 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $143.30, for a total value of $40,124.00. Following the sale, the insider now directly owns 10,954 shares of the company’s stock, valued at $1,569,708.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
WARNING: “OLD Mission Capital LLC Acquires Shares of 16,688 Autoliv Inc. (ALV)” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/14/old-mission-capital-llc-acquires-shares-of-16688-autoliv-inc-alv.html.
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.
Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv Inc. (NYSE:ALV).
Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.