TRU Independence Asset Management 2 LLC Acquires New Position in Autoliv, Inc. (NYSE:ALV)

TRU Independence Asset Management 2 LLC acquired a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 522 shares of the auto parts company’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALV. Liberty Wealth Management LLC purchased a new position in Autoliv during the fourth quarter valued at approximately $27,000. Encompass Wealth Advisors LLC purchased a new position in Autoliv during the fourth quarter valued at approximately $48,000. Infini Master Fund bought a new stake in Autoliv in the fourth quarter worth approximately $51,000. Exchange Traded Concepts LLC bought a new stake in Autoliv in the fourth quarter worth approximately $58,000. Finally, Montag A & Associates Inc. bought a new stake in Autoliv in the fourth quarter worth approximately $84,000. 35.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on ALV. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Autoliv from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, January 28th. Nordea Equity Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, March 22nd. SEB Equity Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, January 27th. Royal Bank of Canada increased their price objective on shares of Autoliv from $108.00 to $119.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Finally, Zacks Investment Research lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Autoliv currently has an average rating of “Hold” and a consensus target price of $90.50.

In other Autoliv news, insider Fredrik Westin sold 1,040 shares of the firm’s stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of $94.94, for a total transaction of $98,737.60. Following the sale, the insider now directly owns 2,080 shares in the company, valued at approximately $197,475.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Cheng sold 318 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $91.39, for a total transaction of $29,062.02. Following the sale, the insider now owns 2,957 shares in the company, valued at $270,240.23. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Shares of NYSE:ALV opened at $93.79 on Thursday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 53.29 and a beta of 1.91. The firm’s 50 day simple moving average is $93.33 and its 200 day simple moving average is $88.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.25 and a quick ratio of 1.03. Autoliv, Inc. has a fifty-two week low of $51.14 and a fifty-two week high of $99.21.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Monday, January 25th. The auto parts company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.42 billion. Autoliv had a net margin of 2.16% and a return on equity of 11.87%. Autoliv’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. Equities research analysts expect that Autoliv, Inc. will post 2.72 earnings per share for the current year.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cable cutters, as well as protection systems for road users, such as pedestrians and cyclists.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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