Principal Financial Group Inc. Has $19.06 Million Position in Autoliv, Inc. $ALV

Principal Financial Group Inc. cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 10.1% during the third quarter, HoldingsChannel.com reports. The firm owned 154,335 shares of the auto parts company’s stock after selling 17,422 shares during the period. Principal Financial Group Inc.’s holdings in Autoliv were worth $19,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALV. Fortem Financial Group LLC boosted its stake in shares of Autoliv by 2.0% during the 3rd quarter. Fortem Financial Group LLC now owns 6,237 shares of the auto parts company’s stock valued at $770,000 after buying an additional 120 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Autoliv during the third quarter valued at $2,316,000. AlphaQuest LLC purchased a new position in Autoliv in the third quarter valued at about $4,223,000. Arizona State Retirement System increased its position in Autoliv by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 21,731 shares of the auto parts company’s stock worth $2,684,000 after purchasing an additional 266 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Autoliv by 1.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,902 shares of the auto parts company’s stock worth $8,139,000 after purchasing an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALV. UBS Group reissued an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Wells Fargo & Company reduced their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Wolfe Research set a $143.00 price target on shares of Autoliv in a research note on Monday, January 12th. Morgan Stanley set a $140.00 price target on shares of Autoliv in a report on Wednesday, November 26th. Finally, Berenberg Bank set a $134.00 target price on shares of Autoliv in a research report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.40.

Autoliv Price Performance

NYSE ALV opened at $125.91 on Monday. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $130.14. The company has a fifty day simple moving average of $122.55 and a 200 day simple moving average of $121.00. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The company has a market cap of $9.56 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.07 and a beta of 1.32.

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