Livforsakringsbolaget Skandia Omsesidigt Sells 6,900 Shares of Autoliv, Inc. $ALV

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has reduced its investment in Autoliv, Inc. by 64.5%, resulting in ownership of just 3,800 shares valued at $425,000.
• Autoliv reported quarterly earnings of $2.21 per share, exceeding analysts' expectations, with revenue of $2.71 billion for the quarter, indicating a 4.2% year-over-year growth.
• The Board of Directors authorized a $2.50 billion share repurchase plan, allowing the company to buy back up to 31.3% of its stock, signaling confidence in the value of their shares.

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 64.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,800 shares of the auto parts company's stock after selling 6,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Autoliv were worth $425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after buying an additional 204 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Autoliv during the first quarter worth approximately $1,029,000. SG Americas Securities LLC bought a new stake in shares of Autoliv during the first quarter worth approximately $637,000. Impax Asset Management Group plc increased its stake in Autoliv by 11.9% in the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock valued at $7,461,000 after purchasing an additional 8,953 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Autoliv by 7.3% in the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock valued at $6,686,000 after purchasing an additional 5,137 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on ALV shares. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. 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 research note on Wednesday, May 28th. Barclays reiterated an "overweight" rating and issued a $135.00 price target (up previously from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Royal Bank Of Canada assumed coverage on shares of Autoliv in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Autoliv from $106.00 to $126.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.92.

Autoliv Stock Down 0.7%

ALV stock traded down $0.94 during midday trading on Friday, reaching $125.72. 872,084 shares of the company's stock traded hands, compared to its average volume of 512,510. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $127.89. 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 company has a market cap of $9.66 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.30 and a beta of 1.35. The firm's fifty day moving average price is $119.48 and its 200-day moving average price is $105.59.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Autoliv announced that its board has approved a stock buyback plan on Wednesday, June 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.