Cevian Capital II Gp Ltd
revealed that they own a 7.5% stake in Autoliv Inc. (NYSE:ALV) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, March 13th. The investor owns 6,530,530 shares of the stock valued at approximately $981,408,048. The filing is available through Edgar at this link.
Shares of Autoliv Inc. (NYSE ALV) traded up $0.39 during trading on Tuesday, hitting $150.28. The company had a trading volume of 403,775 shares, compared to its average volume of 666,669. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.32. Autoliv Inc. has a twelve month low of $96.08 and a twelve month high of $152.57. The firm has a market capitalization of $13,147.69, a PE ratio of 30.99, a PEG ratio of 2.24 and a beta of 1.32.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the firm earned $1.71 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. research analysts predict that Autoliv Inc. will post 7.36 earnings per share for the current fiscal year.
In related news, insider Johan Lofvenholm sold 280 shares of Autoliv stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $143.30, for a total transaction of $40,124.00. Following the completion of the sale, the insider now directly owns 10,954 shares of the company’s stock, valued at $1,569,708.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on ALV shares. Royal Bank of Canada raised their price target on Autoliv to $142.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. ValuEngine raised Autoliv from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Longbow Research initiated coverage on Autoliv in a report on Friday, January 5th. They set a “buy” rating and a $155.00 price target for the company. Mizuho reissued a “buy” rating and issued a $140.00 target price on shares of Autoliv in a research note on Monday, December 11th. Finally, Guggenheim reissued a “hold” rating and issued a $135.00 target price on shares of Autoliv in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.38.
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Autoliv Company 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.
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