Caisse DE Depot ET Placement DU Quebec Acquires Shares of 29,000 Autoliv, Inc. $ALV

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired approximately $2.57 million in shares of Autoliv, Inc. during the 1st quarter, purchasing 29,000 shares of the auto parts company.
• Autoliv announced a quarterly dividend increase to $0.85 per share, up from $0.70, representing a 2.7% dividend yield.
• The company's recent earnings report showed $2.21 EPS for the quarter, exceeding expectations, with revenue growth of 4.2% year-over-year, amounting to $2.71 billion.

Caisse DE Depot ET Placement DU Quebec purchased a new position in Autoliv, Inc. (NYSE:ALV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,000 shares of the auto parts company's stock, valued at approximately $2,565,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp bought a new stake in Autoliv during the 1st quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings in Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after acquiring an additional 204 shares during the period. FNY Investment Advisers LLC bought a new stake in Autoliv during the 1st quarter worth approximately $44,000. Signaturefd LLC increased its holdings in Autoliv by 63.4% during the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after acquiring an additional 263 shares during the period. Finally, UMB Bank n.a. increased its holdings in Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after acquiring an additional 515 shares during the period. Institutional investors own 69.57% of the company's stock.

Autoliv Price Performance

NYSE ALV traded down $0.65 on Tuesday, reaching $123.42. 276,228 shares of the company's stock traded hands, compared to its average volume of 793,879. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $125.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The stock has a 50-day simple moving average of $116.52 and a 200 day simple moving average of $102.90. The stock has a market cap of $9.48 billion, a PE ratio of 13.48, a P/E/G ratio of 1.29 and a beta of 1.34.

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

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

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a $0.85 dividend. The ex-dividend date is Friday, September 5th. This is an increase from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a yield of 2.8%. Autoliv's dividend payout ratio is presently 30.63%.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a $135.00 target price (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Mizuho lifted their target price on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Friday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Autoliv has an average rating of "Moderate Buy" and a consensus price target of $120.64.

About Autoliv

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.