2,227 Shares in Autoliv, Inc. $ALV Bought by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC purchased 2,227 shares of Autoliv, Inc. valued at approximately $249,000 during the 2nd quarter, indicating growing interest from institutional investors.
• Autoliv recently reported earnings of $2.21 per share, exceeding the consensus estimate of $2.07, and experienced a 4.2% increase in quarterly revenue year-over-year, totaling $2.71 billion.
• The company's board authorized a $2.50 billion stock buyback program, allowing for the repurchase of up to 31.3% of its outstanding shares, which may signal management's belief that the stock is undervalued.

Pallas Capital Advisors LLC purchased a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,227 shares of the auto parts company's stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Autoliv during the 1st quarter worth $25,000. GAMMA Investing LLC raised its stake in Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after acquiring an additional 204 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Autoliv during the 1st quarter worth $44,000. Signaturefd LLC raised its stake in Autoliv by 63.4% during the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after acquiring an additional 263 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Autoliv by 91.2% during the 2nd quarter. Parallel Advisors LLC now owns 719 shares of the auto parts company's stock worth $80,000 after acquiring an additional 343 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Up 0.1%

Shares of NYSE:ALV opened at $125.99 on Tuesday. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.30 and a beta of 1.34. The firm's 50-day simple moving average is $119.64 and its 200-day simple moving average is $105.85. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 earnings per share. As a group, equities research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ALV has been the topic of several research analyst reports. Royal Bank Of Canada assumed coverage on shares of Autoliv in a research note on Wednesday, June 25th. They set an "outperform" rating and a $133.00 price target on the stock. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Barclays restated an "overweight" rating and issued a $135.00 price objective (up from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Jefferies Financial Group assumed coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Autoliv has an average rating of "Moderate Buy" and a consensus price target of $122.92.

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.

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