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Alberta Investment Management Corp Boosts Position in Autoliv, Inc. (NYSE:ALV)

Autoliv logo with Auto/Tires/Trucks background

Alberta Investment Management Corp raised its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 46.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 17,300 shares of the auto parts company's stock after purchasing an additional 5,500 shares during the period. Alberta Investment Management Corp's holdings in Autoliv were worth $1,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ALV. FMR LLC boosted its stake in Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after purchasing an additional 641,895 shares in the last quarter. FIL Ltd increased its holdings in shares of Autoliv by 17.3% during the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after purchasing an additional 351,876 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Autoliv by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company's stock valued at $152,275,000 after purchasing an additional 134,347 shares in the last quarter. Geode Capital Management LLC increased its holdings in Autoliv by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 995,121 shares of the auto parts company's stock worth $93,368,000 after acquiring an additional 7,746 shares in the last quarter. Finally, Lancaster Investment Management increased its holdings in Autoliv by 58.8% in the 1st quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company's stock worth $79,918,000 after acquiring an additional 334,716 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

Shares of ALV opened at $110.26 on Monday. The company has a market cap of $8.47 billion, a P/E ratio of 12.06, a PEG ratio of 1.16 and a beta of 1.39. The stock has a fifty day moving average price of $111.37 and a 200 day moving average price of $99.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $118.98.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 3.1%. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio (DPR) is 30.63%.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the sale, the director directly owned 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ALV shares. Jefferies Financial Group started coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price on the stock. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. UBS Group upped their target price on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target on the stock in a research note on Friday, May 9th. Finally, Robert W. Baird cut their target price on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv presently has a consensus rating of "Moderate Buy" and an average price target of $120.64.

Get Our Latest Stock Report on Autoliv

Autoliv Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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