Autoliv, Inc. $ALV Shares Sold by Park West Asset Management LLC

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 holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,308 shares of the auto parts company's stock after selling 83,692 shares during the period. Autoliv accounts for approximately 3.9% of Park West Asset Management LLC's investment portfolio, making the stock its 7th biggest holding. Park West Asset Management LLC owned approximately 0.70% of Autoliv worth $47,879,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after acquiring an additional 2,004,515 shares during the period. Dimensional Fund Advisors LP grew its holdings in Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock worth $164,257,000 after acquiring an additional 233,469 shares during the period. Lancaster Investment Management grew its holdings in Autoliv by 58.8% during 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 during the period. Massachusetts Financial Services Co. MA grew its holdings in Autoliv by 13.0% during the 1st 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. Finally, LSV Asset Management grew its holdings in Autoliv by 73.4% during the 1st quarter. LSV Asset Management now owns 556,633 shares of the auto parts company's stock worth $49,234,000 after acquiring an additional 235,553 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of Autoliv 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 transaction, the director owned 77,493 shares in the company, valued at approximately $8,394,041.76. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BNP Paribas Exane upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Friday, May 9th. Jefferies Financial Group began coverage on Autoliv in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 target price for the company. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Robert W. Baird reduced their target price on Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Finally, Royal Bank Of Canada began coverage on Autoliv in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.69.

Autoliv Price Performance

ALV stock opened at $124.57 on Friday. The company has a market capitalization of $9.57 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $126.10. The business has a 50-day simple moving average of $117.56 and a two-hundred day simple moving average of $103.55.

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

Autoliv declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock repurchase programs are generally a sign 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.

Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv, Inc. (NYSE:ALV - Free Report).

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.