State of New Jersey Common Pension Fund D Sells 1,725 Shares of Autoliv, Inc. $ALV

State of New Jersey Common Pension Fund D decreased its position in Autoliv, Inc. (NYSE:ALV) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,880 shares of the auto parts company’s stock after selling 1,725 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Autoliv were worth $2,560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SouthState Corp acquired a new position in shares of Autoliv in the 1st quarter valued at about $25,000. GAMMA Investing LLC grew its stake in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 204 shares during the period. Signaturefd LLC increased its holdings in Autoliv by 63.4% in the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 263 shares in the last quarter. Parallel Advisors LLC increased its holdings in Autoliv by 91.2% in the second quarter. Parallel Advisors LLC now owns 719 shares of the auto parts company’s stock worth $80,000 after purchasing an additional 343 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Autoliv in the first quarter valued at approximately $76,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Barclays boosted their target price on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Mizuho lifted their price target on shares of Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, UBS Group reiterated an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Autoliv Trading Up 1.2%

NYSE:ALV opened at $117.47 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a 50-day moving average of $122.82 and a 200-day moving average of $111.89. The company has a market cap of $8.92 billion, a PE ratio of 12.14, a PEG ratio of 0.88 and a beta of 1.33. Autoliv, Inc. has a one year low of $75.49 and a one year high of $129.54.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.22. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 EPS. As a group, equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

About Autoliv

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.