Algert Global LLC Has $4.68 Million Holdings in Autoliv, Inc. $ALV

Key Points

• Algert Global LLC increased its holdings in Autoliv, Inc. by 45.7% during the first quarter, now owning approximately 52,907 shares valued at $4.68 million.
• Several institutional investors significantly boosted their stakes in Autoliv, with Charles Schwab Investment Management Inc. increasing its position by 418.3%, now owning $219.7 million in shares.
• Autoliv announced a quarterly dividend increase from $0.70 to $0.85 per share, with an annualized yield of 2.9%, and plans for a $2.50 billion share buyback program.

Algert Global LLC raised its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 45.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,907 shares of the auto parts company's stock after acquiring an additional 16,590 shares during the period. Algert Global LLC owned approximately 0.07% of Autoliv worth $4,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock valued at $219,686,000 after purchasing an additional 2,004,515 shares during the period. Lancaster Investment Management lifted its holdings in shares of Autoliv by 58.8% during the first quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company's stock worth $79,918,000 after buying an additional 334,716 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Autoliv in the fourth quarter valued at about $25,749,000. LSV Asset Management grew its stake in shares of Autoliv by 73.4% in the first quarter. LSV Asset Management now owns 556,633 shares of the auto parts company's stock valued at $49,234,000 after acquiring an additional 235,553 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Autoliv by 14.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock valued at $164,257,000 after acquiring an additional 233,469 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALV. Robert W. Baird dropped their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Wells Fargo & Company increased their price target on Autoliv from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Jefferies Financial Group began coverage on Autoliv in a research note on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective on the stock. Finally, Barclays reiterated an "overweight" rating and set a $135.00 target price (up from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.64.

Autoliv Stock Performance

NYSE:ALV opened at $118.96 on Tuesday. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $119.53. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock's 50-day simple moving average is $113.87 and its 200 day simple moving average is $100.87. The firm has a market capitalization of $9.14 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. The company 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 firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.87 EPS. On average, analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv's payout ratio is presently 37.20%.

Autoliv announced that its Board of Directors has approved a share buyback plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the completion of the transaction, the director directly owned 77,493 shares in the company, valued at approximately $8,394,041.76. This represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

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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