Fidelity Management & Research Co recently announced the acquisition of new stake in Autoliv Inc. (NYSE:ALV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 5.08% to 3.49 million shares with purchase of 0.17 million shares. This fresh investment now brings its stake to 4.05% valued currently at $323.4 million. In addition, FIL Investment Advisors raised its holdings by 0.12 million to 2.49 million shares. And The Vanguard Group, Inc. has lifted its position by 0.36% or 5861.0 shares – to 1.63 million shares.
With over 1.77 million Autoliv Inc. (ALV) shares trading Monday and a closing price of $89.57 on the day, the dollar volume was approximately $158.17 million. The shares have shown a positive half year performance of 18.38% and its price on 03/13/23 lost nearly -2.31%. Currently, there are 86.80M common shares owned by the public and among those 85.99M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for ALV have a consensus price objective of $98.20. The analysts have set the share’s price value over the next 12 months at a high of $130.00 and a low of $80.35. The average price target is 12.95% above its recent price level and a downside to the estimated low will see the stock lose -11.47% over that period. But an upside of 31.1% will see the stock hit the forecast high price target while median target price for the stock is $96.00.
Insiders at the company have transacted a total of 58 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 650,574 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 10,626 shares.
The top 3 mutual fund holders in Autoliv Inc. are Pictet – Security, AMF Aktiefond Sverige, and Fidelity Inv. Trust – Series Inte. Pictet – Security owns 1.42 million shares of the company’s stock, all valued at over $131.46 million. The company bought an additional 1.42 million shares recently to bring their total holdings to about 1.65% of the shares outstanding. AMF Aktiefond Sverige sold -0.11 million shares to see its total holdings shrink to 1.21 million shares valued at over $112.04 million and representing 1.40% of the shares outstanding. Fidelity Inv. Trust – Series Inte sold 5500.0 shares to bring its total holdings to over 1.2 million shares at a value of $110.69 million. Fidelity Inv. Trust – Series Inte now owns shares totaling to 1.39% of the shares outstanding.
Shares of Autoliv Inc. (NYSE: ALV) opened at $88.58, down -$3.11 from a prior closing price of $91.69. However, the script later moved the day high at 90.33, down -2.31%. The company’s stock has a 5-day price change of -6.83% and 10.13% over the past three months. ALV shares are trading 16.96% year to date (YTD), with the 12-month market performance up to 20.99% higher. It has a 12-month low price of $65.74 and touched a high of $97.45 over the same period. ALV has an average intraday trading volume of 934.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.75%, 2.79%, and 11.26% respectively.
Institutional ownership of Autoliv Inc. (NYSE: ALV) shares accounts for 63.60% of the company’s 86.80M shares outstanding. Mutual fund holders own 27.66%, while other institutional holders and individual stakeholders account for 8.00% and 26.13% respectively.
It has a market capitalization of $7.88B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 18.46, while the earnings-per-share (ttm) stands at $4.85. The company has a PEG of 0.62 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.88% over the week and 2.04% over the month.
Analysts forecast that Autoliv Inc. (ALV) will achieve an EPS of $0.98 for the current quarter, $1.48 for the next quarter and $9.7 for 2024. The lowest estimate earnings-per-share for the quarter is $0.76 while analysts give the company a high EPS estimate of $1.49. Comparatively, EPS for the current quarter was $0.45 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.40%, and 47.95% over the next financial year. EPS should grow at an annualized rate of 29.90% over the next five years, compared to -8.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Autoliv Inc. (ALV) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 16 of the 27 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the ALV, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on February 21, 2023, with the firm’s price target at $130. Barclays coverage for the Autoliv Inc. (ALV) stock in a research note released on February 15, 2023 offered a Equal Weight rating with a price target of $100. UBS was of a view on December 07, 2022 that the stock is Neutral, while Exane BNP Paribas gave the stock Neutral rating on June 28, 2022, issuing a price target of $86. UBS on their part issued Buy rating on May 10, 2022.
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