PGGM Investments Lowers Stock Position in Autoliv, Inc. (NYSE:ALV)

PGGM Investments cut its stake in Autoliv, Inc. (NYSE:ALV) by 35.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,227 shares of the auto parts company’s stock after selling 10,518 shares during the period. PGGM Investments’ holdings in Autoliv were worth $2,057,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. M&G Plc boosted its stake in Autoliv by 4.9% in the second quarter. M&G Plc now owns 12,501 shares of the auto parts company’s stock worth $1,338,000 after buying an additional 579 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Autoliv during the second quarter valued at about $1,240,000. SG Americas Securities LLC lifted its stake in shares of Autoliv by 13.5% in the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock valued at $369,000 after acquiring an additional 409 shares during the last quarter. BDF Gestion purchased a new stake in Autoliv during the 2nd quarter valued at about $1,284,000. Finally, Linden Thomas Advisory Services LLC increased its stake in Autoliv by 2.3% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,930 shares of the auto parts company’s stock worth $848,000 after purchasing an additional 175 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE ALV traded up $2.29 on Thursday, reaching $99.43. The company had a trading volume of 223,540 shares, compared to its average volume of 658,116. The stock has a market capitalization of $8.09 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61. Autoliv, Inc. has a 12 month low of $89.37 and a 12 month high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average price is $105.18 and its 200 day moving average price is $113.77.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. As a group, equities analysts predict that Autoliv, Inc. will post 9.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Evercore ISI cut their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Citigroup decreased their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Wolfe Research raised shares of Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 price objective on the stock in a research report on Monday, July 8th. Finally, Robert W. Baird dropped their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.46.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the transaction, the director now owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

Autoliv Company 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.