Caisse Des Depots ET Consignations Buys Shares of 10,540 Autoliv, Inc. $ALV

Caisse Des Depots ET Consignations purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,540 shares of the auto parts company’s stock, valued at approximately $1,302,000.

Other institutional investors also recently made changes to their positions in the company. Northstar Advisory Group LLC acquired a new position in shares of Autoliv during the third quarter valued at approximately $1,484,000. First Citizens Bank & Trust Co. bought a new position in Autoliv during the 3rd quarter valued at $1,385,000. Nordea Investment Management AB acquired a new position in shares of Autoliv during the 3rd quarter valued at $7,697,000. Asset Management One Co. Ltd. raised its stake in shares of Autoliv by 17.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock worth $10,934,000 after buying an additional 12,944 shares in the last quarter. Finally, ABN AMRO Bank N.V. lifted its holdings in shares of Autoliv by 10.7% in the third quarter. ABN AMRO Bank N.V. now owns 284,217 shares of the auto parts company’s stock valued at $34,974,000 after buying an additional 27,502 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Up 0.6%

Autoliv stock opened at $126.58 on Thursday. The company has a 50 day moving average price of $122.95 and a 200 day moving average price of $121.15. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.07 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.34. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.05 EPS. Research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Wall Street Analyst Weigh In

ALV has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Barclays reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of Autoliv in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Robert W. Baird set a $132.00 target price on shares of Autoliv in a report on Monday, February 2nd. Finally, Evercore decreased their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.40.

About Autoliv

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.