Sumitomo Mitsui Trust Group Inc. Takes $595,000 Position in Autoliv, Inc. (NYSE:ALV)

Sumitomo Mitsui Trust Group Inc. acquired a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,340 shares of the auto parts company's stock, valued at approximately $595,000.

A number of other hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its position in shares of Autoliv by 3.3% in the fourth quarter. Retirement Systems of Alabama now owns 186,154 shares of the auto parts company's stock worth $17,459,000 after buying an additional 5,980 shares in the last quarter. KBC Group NV lifted its position in shares of Autoliv by 67.6% in the fourth quarter. KBC Group NV now owns 3,182 shares of the auto parts company's stock worth $298,000 after buying an additional 1,283 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Autoliv by 5.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,046 shares of the auto parts company's stock worth $848,000 after buying an additional 434 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Autoliv by 4.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company's stock worth $405,000 after buying an additional 190 shares in the last quarter. Finally, Perpetual Ltd lifted its position in shares of Autoliv by 130.4% in the fourth quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company's stock worth $583,000 after buying an additional 3,521 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Trading Up 2.2 %

NYSE:ALV traded up $2.21 during midday trading on Tuesday, hitting $100.36. The stock had a trading volume of 252,725 shares, compared to its average volume of 762,214. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.69 and a beta of 1.58. The stock has a 50-day moving average of $95.71 and a 200 day moving average of $96.46. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Autoliv, Inc. will post 9.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALV shares. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a research report on Tuesday, January 7th. Mizuho decreased their price objective on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Daiwa America upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.