Stevens Capital Management LP Invests $1.26 Million in Autoliv, Inc. (ALV)

Stevens Capital Management LP bought a new position in shares of Autoliv, Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,155 shares of the auto parts company’s stock, valued at approximately $1,255,000.

Several other hedge funds have also recently bought and sold shares of ALV. Toronto Dominion Bank grew its holdings in shares of Autoliv by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 114 shares during the period. Victory Capital Management Inc. grew its stake in shares of Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Autoliv by 9.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after buying an additional 171 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Autoliv by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 32.69% of the company’s stock.

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ALV has been the topic of several recent research reports. Mizuho upped their price target on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 price target on Autoliv and gave the stock a “hold” rating in a research note on Monday, October 16th. Bank of America Corporation cut their price target on Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. Finally, KeyCorp restated a “buy” rating and issued a $146.00 price target (up previously from $136.00) on shares of Autoliv in a research note on Monday, November 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Autoliv has an average rating of “Hold” and an average price target of $108.55.

Autoliv, Inc. (NYSE ALV) opened at $123.25 on Tuesday. The firm has a market capitalization of $10,733.50, a price-to-earnings ratio of 19.69, a PEG ratio of 2.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv, Inc. has a twelve month low of $96.08 and a twelve month high of $127.75.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.14. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. sell-side analysts predict that Autoliv, Inc. will post 6.26 earnings per share for the current fiscal year.

Autoliv Profile

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.

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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