Autoliv, Inc. $ALV is Park West Asset Management LLC's 7th Largest Position

Key Points

• Park West Asset Management LLC reduced its holdings in Autoliv, Inc. by 13.4%, owning 541,308 shares after selling 83,692 shares in the first quarter.
• Several institutional investors increased their stakes in Autoliv, with Charles Schwab Investment Management growing its holdings by 418.3% during the same period.
• Analysts have set new price targets for Autoliv, with upgrades from various firms including a target of $140.00 from Jefferies Financial Group and $123.00 from BNP Paribas Exane.

Park West Asset Management LLC reduced its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 13.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 541,308 shares of the auto parts company's stock after selling 83,692 shares during the quarter. Autoliv makes up about 3.9% of Park West Asset Management LLC's holdings, making the stock its 7th biggest holding. Park West Asset Management LLC owned about 0.70% of Autoliv worth $47,879,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock valued at $287,000 after acquiring an additional 326 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Autoliv in the first quarter worth about $412,000. Advisors Asset Management Inc. grew its stake in shares of Autoliv by 22.6% in the first quarter. Advisors Asset Management Inc. now owns 4,502 shares of the auto parts company's stock worth $398,000 after purchasing an additional 829 shares during the last quarter. American Trust Investment Advisors LLC increased its holdings in Autoliv by 6.8% during the 1st quarter. American Trust Investment Advisors LLC now owns 49,523 shares of the auto parts company's stock valued at $4,380,000 after purchasing an additional 3,143 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Autoliv during the 1st quarter valued at about $13,268,000. Institutional investors own 69.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALV shares. Barclays reiterated an "overweight" rating and issued a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Royal Bank Of Canada initiated coverage on Autoliv in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target for the company. UBS Group lifted 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. Robert W. Baird decreased their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.92.

Autoliv Stock Up 2.0%

Shares of NYSE:ALV traded up $2.45 during midday trading on Thursday, reaching $127.83. The company's stock had a trading volume of 520,177 shares, compared to its average volume of 786,839. 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 firm has a 50 day moving average of $118.23 and a 200-day moving average of $104.13. The firm has a market capitalization of $9.82 billion, a P/E ratio of 13.99, a PEG ratio of 1.30 and a beta of 1.35. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.07 by $0.14. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. Autoliv'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 earnings per share. On average, research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

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