Institutional Investors Lead Shift in Autoliv Inc (NYSE:ALV) Sentiment

October 2, 2018 - By Hazel Jackson

Autoliv, Inc. (NYSE:ALV) Logo

Sentiment for Autoliv Inc (NYSE:ALV)

Autoliv Inc (NYSE:ALV) institutional sentiment increased to 1.21 in 2018 Q2. Its up 0.23, from 0.98 in 2018Q1. The ratio has increased, as 102 hedge funds opened new or increased stock positions, while 84 sold and decreased stock positions in Autoliv Inc. The hedge funds in our partner’s database reported: 29.07 million shares, down from 29.41 million shares in 2018Q1. Also, the number of hedge funds holding Autoliv Inc in their top 10 stock positions decreased from 4 to 3 for a decrease of 1. Sold All: 27 Reduced: 57 Increased: 74 New Position: 28.

Autoliv, Inc., through its subsidiaries, develops, makes, and supplies automotive safety systems to the automotive industry worldwide. The company has market cap of $7.53 billion. It operates through two divisions, Passive Safety and Electronics. It has a 23.76 P/E ratio. The firm offers a range of products, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems, child seats, and components; and camera vision systems, night driving assists, automotive radars, brake controls, positioning systems, electronic control units, and other active safety systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

The stock decreased 0.27% or $0.23 during the last trading session, reaching $86.45. About 534,927 shares traded. Autoliv, Inc. (NYSE:ALV) has risen 4.40% since October 2, 2017 and is uptrending. It has underperformed by 11.22% the S&P500.

Analysts await Autoliv, Inc. (NYSE:ALV) to report earnings on October, 25. They expect $1.67 EPS, up 13.61 % or $0.20 from last year’s $1.47 per share. ALV’s profit will be $145.52M for 12.94 P/E if the $1.67 EPS becomes a reality. After $2.22 actual EPS reported by Autoliv, Inc. for the previous quarter, Wall Street now forecasts -24.77 % negative EPS growth.

Alecta Pensionsforsakring Omsesidigt holds 7.08% of its portfolio in Autoliv, Inc. for 8.21 million shares. Beddow Capital Management Inc owns 66,276 shares or 3.95% of their US portfolio. Moreover, 13D Management Llc has 3.18% invested in the company for 87,000 shares. The Minnesota-based Murphy Pohlad Asset Management Llc has invested 1.77% in the stock. Contravisory Investment Management Inc., a Massachusetts-based fund reported 30,594 shares.

Autoliv, Inc. (NYSE:ALV) Ratings Coverage

Ratings analysis reveals 50% of Autoliv’s analysts are positive. Out of 10 Wall Street analysts rating Autoliv, 5 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $80 while the high is $19400. The stock’s average target of $135.44 is 56.67% above today’s ($86.45) share price. ALV was included in 21 notes of analysts from April 17, 2018. Barclays Capital maintained the stock with “Underweight” rating in Thursday, July 5 report. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, October 1. The firm has “Buy” rating given on Tuesday, April 17 by Robert W. Baird. The rating was downgraded by Wells Fargo on Wednesday, July 18 to “Market Perform”. The company was maintained on Tuesday, June 19 by Morgan Stanley. UBS upgraded the shares of ALV in report on Tuesday, July 3 to “Neutral” rating. Citigroup maintained the shares of ALV in report on Thursday, August 9 with “Neutral” rating. The firm earned “Outperform” rating on Monday, July 9 by BMO Capital Markets. Robert W. Baird maintained the stock with “Outperform” rating in Monday, July 30 report. On Friday, June 1 the stock rating was maintained by Longbow with “Buy”.

More news for Autoliv, Inc. (NYSE:ALV) were recently published by: Seekingalpha.com, which released: “Insider buying at Veoneer” on September 05, 2018. Seekingalpha.com‘s article titled: “Auto sector pain from tariffs seen extending” and published on September 27, 2018 is yet another important article.

Autoliv, Inc. (NYSE:ALV) Institutional Positions Chart

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