Royal Bank of Canada Purchases 4,173 Shares of Autoliv, Inc. $ALV

Royal Bank of Canada boosted its position in shares of Autoliv, Inc. (NYSE:ALV) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,088 shares of the auto parts company’s stock after acquiring an additional 4,173 shares during the period. Royal Bank of Canada’s holdings in Autoliv were worth $16,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Autoliv during the 4th quarter valued at $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. Quarry LP acquired a new stake in shares of Autoliv in the 3rd quarter worth $36,000. Finally, Johnson Financial Group Inc. purchased a new position in Autoliv during the 3rd quarter worth $37,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on ALV shares. Wells Fargo & Company upped their target price on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Robert W. Baird boosted their price target on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a report on Monday, June 15th. Finally, TD Cowen decreased their price objective on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $135.93.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 19,607 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the sale, the director owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Autoliv Stock Down 1.9%

Autoliv stock opened at $120.76 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The business’s 50-day simple moving average is $121.77 and its two-hundred day simple moving average is $118.32. The company has a market cap of $8.84 billion, a PE ratio of 14.22, a PEG ratio of 0.98 and a beta of 1.34. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Autoliv, Inc. will post 10.11 EPS for the current year.

Autoliv 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.