Wedge Capital Management L L P NC Buys 6,804 Shares of Autoliv, Inc. $ALV

Wedge Capital Management L L P NC lifted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 6.7% during the second quarter, Holdings Channel.com reports. The firm owned 108,093 shares of the auto parts company’s stock after buying an additional 6,804 shares during the period. Wedge Capital Management L L P NC’s holdings in Autoliv were worth $12,557,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Torren Management LLC bought a new position in Autoliv in the 4th quarter worth approximately $25,000. IFP Advisors Inc boosted its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the period. Quarry LP acquired a new stake in shares of Autoliv in the 3rd quarter valued at $36,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Autoliv during the third quarter worth $37,000. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

Shares of Autoliv stock opened at $121.06 on Thursday. The firm has a fifty day moving average of $121.19 and a two-hundred day moving average of $118.22. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 1.34. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $2.21 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Autoliv, Inc. will post 10.04 EPS for the current year.

Wall Street Analyst Weigh In

ALV has been the topic of several research reports. Royal Bank Of Canada cut their price target on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Wells Fargo & Company lifted their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Jefferies Financial Group raised Autoliv to a “hold” rating in a report on Monday, June 15th. Bank of America initiated coverage on shares of Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Robert W. Baird raised their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

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.