December 1, 2016 - By Dolores Ford · 0 Comments
Autoliv Inc (NYSE:ALV) institutional sentiment decreased to 0.86 in 2016 Q2. Its down -0.18, from 1.04 in 2016Q1. The ratio fall, as 103 institutional investors started new or increased equity positions, while 99 sold and decreased their stock positions in Autoliv Inc. The institutional investors in our partner’s database now have: 28.89 million shares, down from 31.15 million shares in 2016Q1. Also, the number of institutional investors holding Autoliv Inc in their top 10 equity positions was flat from 4 to 4 for the same number . Sold All: 27 Reduced: 72 Increased: 75 New Position: 28.
Autoliv, Inc. is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The company has a market cap of $9.22 billion. The Firm operates through two divisions: Passive Safety and Electronics. It has a 15.12 P/E ratio. Passive Safety segment includes airbags, seatbelts and steering wheels.
The stock decreased 0.45% or $0.47 during the last trading session, hitting $103.46. Autoliv Inc. (NYSE:ALV) has declined 9.65% since April 28, 2016 and is downtrending. It has underperformed by 15.58% the S&P500.
Analysts await Autoliv Inc. (NYSE:ALV) to report earnings on February, 3. They expect $1.82 earnings per share, down 12.50% or $0.26 from last year’s $2.08 per share. ALV’s profit will be $162.19M for 14.21 P/E if the $1.82 EPS becomes a reality. After $1.63 actual earnings per share reported by Autoliv Inc. for the previous quarter, Wall Street now forecasts 11.66% EPS growth.
According to Zacks Investment Research, “Autoliv Inc. is a worldwide leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are our customers.”
Alecta Pensionsforsakring Omsesidigt holds 8.8% of its portfolio in Autoliv Inc. for 8.46 million shares. Beddow Capital Management Inc owns 83,446 shares or 3.73% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 3.13% invested in the company for 51,790 shares. The North Carolina-based Hatteras Funds Llc has invested 1.47% in the stock. Murphy Pohlad Asset Management Llc, a Minnesota-based fund reported 16,895 shares.#img1#
Ratings analysis reveals 17% of Autoliv Inc’s analysts are positive. Out of 18 Wall Street analysts rating Autoliv Inc, 3 give it “Buy”, 7 “Sell” rating, while 8 recommend “Hold”. The lowest target is $23 while the high is $138. The stock’s average target of $103.06 is -0.39% below today’s ($103.46) share price. ALV was included in 36 notes of analysts from July 22, 2015. Goldman Sachs upgraded the shares of ALV in a report on Tuesday, September 29 to “Neutral” rating. Bank of America downgraded Autoliv Inc. (NYSE:ALV) on Wednesday, July 22 to “Neutral” rating. Piper Jaffray initiated the shares of ALV in a report on Friday, June 10 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, May 2. Wells Fargo initiated the shares of ALV in a report on Monday, September 21 with “Market Perform” rating. The firm has “Market Perform” rating by Wells Fargo given on Thursday, September 17. Berenberg initiated the stock with “Hold” rating in Friday, June 17 report. RBC Capital Markets upgraded Autoliv Inc. (NYSE:ALV) on Friday, September 25 to “Sector Perform” rating. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 14. The company was downgraded on Monday, March 14 by Evercore.
Autoliv, Inc., incorporated on October 1, 1996, is a developer, maker and supplier to the automotive industry of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Firm operates through two divisions: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors. Passive safety systems are primarily meant to improve vehicle safety, and 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 passive safety electronic products, such as restraint electronics and crash sensors. Active safety systems are designed to make driving easier and comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact.
More notable recent Autoliv Inc. (NYSE:ALV) news were published by: Fool.com which released: “Autoliv Inc. Tops Its Guidance” on October 27, 2016, also Streetinsider.com with their article: “Jefferies Starts Autoliv, Inc. (ALV) at Buy” published on November 29, 2016, Fool.com published: “Autoliv Inc.’s Organic Growth Underwhelms” on July 22, 2016. More interesting news about Autoliv Inc. (NYSE:ALV) were released by: Seekingalpha.com and their article: “Autoliv Inc.: Significant Upside With Strong Underlying Business Limiting The …” published on November 15, 2016 as well as Wsj.com‘s news article titled: “Takata Customers Back Rival Autoliv’s Takeover Plan” with publication date: November 16, 2016.
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By Dolores Ford