ABC Arbitrage SA Makes New $394,000 Investment in Autoliv, Inc. (NYSE:ALV)

ABC Arbitrage SA bought a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,197 shares of the auto parts company's stock, valued at approximately $394,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock worth $607,335,000 after buying an additional 376,665 shares in the last quarter. Swedbank AB grew its position in Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock valued at $239,707,000 after acquiring an additional 205,241 shares during the period. Geode Capital Management LLC raised its stake in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock worth $92,221,000 after acquiring an additional 95,888 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock valued at $85,008,000 after purchasing an additional 159,067 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company's stock worth $45,530,000 after purchasing an additional 4,060 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Trading Down 2.1 %

Shares of NYSE:ALV traded down $2.09 during midday trading on Wednesday, hitting $98.55. The company had a trading volume of 766,351 shares, compared to its average volume of 778,442. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The firm has a fifty day simple moving average of $95.71 and a 200 day simple moving average of $96.46. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV - Get Free Report) last posted its 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 return on equity of 28.62% and a net margin of 6.21%. On average, analysts predict that Autoliv, Inc. will post 9.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALV shares. Hsbc Global Res downgraded shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a report on Monday, December 16th. HSBC lowered Autoliv from a "buy" rating to a "hold" rating and decreased their price target for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.23.

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.