Crawford Lake Capital Management LLC Purchases Shares of 49,924 Autoliv, Inc. (ALV)
Crawford Lake Capital Management LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,924 shares of the auto parts company’s stock, valued at approximately $6,171,000. Autoliv comprises about 2.2% of Crawford Lake Capital Management LLC’s holdings, making the stock its 17th largest holding. Crawford Lake Capital Management LLC owned 0.06% of Autoliv at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Toronto Dominion Bank increased its stake in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 114 shares in the last quarter. Victory Capital Management Inc. increased its stake in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares in the last quarter. Teachers Advisors LLC increased its stake in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 171 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Autoliv by 8.1% in the second quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock valued at $213,000 after purchasing an additional 145 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.
Autoliv, Inc. (NYSE:ALV) opened at $128.37 on Wednesday. The firm has a market cap of $11,073.48, a PE ratio of 20.31, a PEG ratio of 2.47 and a beta of 1.11. Autoliv, Inc. has a 1 year low of $96.08 and a 1 year high of $129.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. sell-side analysts predict that Autoliv, Inc. will post 6.28 EPS for the current fiscal year.
In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by company insiders.
Several research firms have recently weighed in on ALV. Royal Bank Of Canada reiterated a “hold” rating and issued a $100.00 price target on shares of Autoliv in a report on Tuesday, August 29th. Pareto Securities upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Evercore ISI reiterated an “underperform” rating and issued a $100.00 price target (up previously from $85.00) on shares of Autoliv in a report on Monday, September 18th. Buckingham Research upgraded shares of Autoliv from an “underperform” rating to a “neutral” rating and upped their price target for the company from $87.00 to $114.00 in a report on Friday, September 15th. Finally, Wells Fargo & Company upped their price target on shares of Autoliv to $140.00 and gave the company an “outperform” rating in a report on Friday, September 15th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $109.23.
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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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