XY Capital Ltd Lowers Position in Autoliv, Inc. (NYSE:ALV)

XY Capital Ltd trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,747 shares of the auto parts company’s stock after selling 2,233 shares during the quarter. Autoliv accounts for about 0.8% of XY Capital Ltd’s holdings, making the stock its 11th largest holding. XY Capital Ltd’s holdings in Autoliv were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB grew its stake in shares of Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Autoliv by 83.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock valued at $39,028,000 after buying an additional 190,654 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Autoliv by 21.2% during the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after buying an additional 159,067 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Autoliv by 94.2% during the third quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company’s stock valued at $19,700,000 after buying an additional 102,362 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALV. Mizuho dropped their price target on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Barclays cut their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. Finally, Robert W. Baird boosted their target price on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Stock Performance

NYSE ALV opened at $93.32 on Monday. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The firm has a market capitalization of $7.25 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58. The stock’s fifty day moving average is $96.09 and its two-hundred day moving average is $96.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, research analysts anticipate that Autoliv, Inc. will post 9.7 earnings per share for the current year.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive 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, and inflator technologies.