Man Group plc Purchases New Shares in Autoliv Inc. (NYSE:ALV)

Man Group plc purchased a new stake in shares of Autoliv Inc. (NYSE:ALV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,388 shares of the auto parts company’s stock, valued at approximately $2,082,000.

A number of other institutional investors have also added to or reduced their stakes in ALV. Rockefeller Capital Management L.P. purchased a new stake in Autoliv during the second quarter valued at $30,000. HM Payson & Co. purchased a new stake in Autoliv during the second quarter valued at $143,000. Mirova purchased a new stake in Autoliv during the second quarter valued at $160,000. NumerixS Investment Technologies Inc purchased a new stake in Autoliv during the second quarter valued at $176,000. Finally, Regentatlantic Capital LLC purchased a new stake in Autoliv during the third quarter valued at $204,000. 39.06% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on ALV. Deutsche Bank raised shares of Autoliv from a “sell” rating to a “hold” rating and upped their price target for the company from $58.00 to $78.00 in a research note on Friday, October 4th. DNB Markets raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho reissued a “buy” rating and issued a $91.00 target price on shares of Autoliv in a research note on Wednesday, November 20th. Evercore ISI began coverage on shares of Autoliv in a research note on Tuesday, November 12th. They issued a “hold” rating and a $70.00 target price on the stock. Finally, Wolfe Research raised shares of Autoliv from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $73.86.

ALV stock opened at $85.78 on Friday. The company has a market capitalization of $7.14 billion, a PE ratio of 12.56 and a beta of 1.49. Autoliv Inc. has a 12 month low of $61.07 and a 12 month high of $86.83. The firm’s 50-day moving average is $82.30 and its 200 day moving average is $73.83. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.94.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, October 25th. The auto parts company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.08). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Autoliv had a return on equity of 23.42% and a net margin of 2.51%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 EPS. Sell-side analysts forecast that Autoliv Inc. will post 5.65 EPS for the current fiscal year.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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