Dynamic Technology Lab Private Ltd Acquires New Holdings in Autoliv, Inc. $ALV

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $1.41 million in Autoliv, Inc., acquiring 15,966 shares in the first quarter.
• Autoliv's financial performance includes a net profit margin of 6.83% and a reported $2.21 EPS for the last quarter, exceeding analyst expectations.
• The company has initiated a $2.50 billion stock buyback plan, indicating that its board believes the shares are currently undervalued.

Dynamic Technology Lab Private Ltd bought a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,966 shares of the auto parts company's stock, valued at approximately $1,413,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings 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 worth $287,000 after buying an additional 326 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv in the first quarter worth about $412,000. Advisors Asset Management Inc. boosted its holdings 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 buying an additional 829 shares during the period. American Trust Investment Advisors LLC boosted its holdings in shares of Autoliv by 6.8% in the first quarter. American Trust Investment Advisors LLC now owns 49,523 shares of the auto parts company's stock worth $4,380,000 after buying an additional 3,143 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Autoliv in the first quarter worth about $13,268,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALV shares. Mizuho raised their target price on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Robert W. Baird decreased their target price 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. Barclays reiterated an "overweight" rating and issued a $135.00 target price (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Jefferies Financial Group started coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price target for the company. Finally, UBS Group raised their price target on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Two investment 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 company. According to MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $122.92.

Autoliv Stock Down 1.2%

Shares of ALV stock traded down $1.54 during trading on Friday, hitting $126.11. 369,815 shares of the company were exchanged, compared to its average volume of 515,025. 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 firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.32 and a beta of 1.35. The business's 50-day simple moving average is $118.60 and its 200 day simple moving average is $104.56. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The firm 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%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 earnings per share. As a group, analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv declared that its Board of Directors has authorized a stock repurchase 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 buy up to 31.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board 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.