Livforsakringsbolaget Skandia Omsesidigt Acquires 2,300 Shares of Autoliv, Inc. $ALV

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Autoliv, Inc. by 21.5%, holding 13,000 shares valued at approximately $1.45 million.
• Research firms have upgraded Autoliv's rating, with Wall Street Zen moving it to a strong-buy and several firms issuing target prices between $122.92 and $140.00.
• Autoliv's recent earnings report shows EPS of $2.21, exceeding estimates, along with a 4.2% increase in revenue compared to the previous year.

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the auto parts company's stock after purchasing an additional 2,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Autoliv were worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Autoliv by 418.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after purchasing an additional 2,004,515 shares in the last quarter. Swedbank AB grew its holdings in Autoliv by 26.3% during the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock valued at $268,307,000 after purchasing an additional 499,411 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Autoliv by 14.4% during 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 purchasing an additional 233,469 shares during the last quarter. Lancaster Investment Management grew its holdings in Autoliv by 58.8% during the first quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company's stock valued at $79,918,000 after purchasing an additional 334,716 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Autoliv by 13.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 793,306 shares of the auto parts company's stock worth $70,168,000 after acquiring an additional 91,312 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALV has been the subject of a number of research reports. UBS Group increased their price target on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Barclays reissued an "overweight" rating and set a $135.00 price objective (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Royal Bank Of Canada initiated coverage on Autoliv in a report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target for the company. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Jefferies Financial Group initiated coverage on Autoliv in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.92.

Autoliv Stock Up 0.1%

NYSE ALV traded up $0.17 during trading on Monday, hitting $125.99. The stock had a trading volume of 452,545 shares, compared to its average volume of 775,974. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $127.89. The company has a market capitalization of $9.68 billion, a PE ratio of 13.78, a P/E/G ratio of 1.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The company's 50-day moving average price is $119.48 and its two-hundred day moving average price is $105.65.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data 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. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the business posted $1.87 EPS. The business's revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

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

Autoliv Company 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.