Dynamic Technology Lab Private Ltd Invests $1.41 Million 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 purchased a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 15,966 shares of the auto parts company's stock, valued at approximately $1,413,000.

A number of other large investors have also recently bought and sold shares of ALV. SouthState Corp acquired a new position in Autoliv during the 1st quarter valued at about $25,000. GAMMA Investing LLC lifted 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 purchasing an additional 204 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Autoliv during the 1st quarter worth about $44,000. Signaturefd LLC increased its holdings in shares of Autoliv by 63.4% in the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after purchasing an additional 263 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Autoliv by 188.6% in the first quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after purchasing an additional 515 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALV. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. 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. Barclays restated an "overweight" rating and issued a $135.00 price objective (up from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. UBS Group raised their price objective on Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, 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 objective for the company. Two research 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's stock. Based on data from MarketBeat.com, Autoliv currently has a consensus rating of "Moderate Buy" and an average price target of $122.92.

Autoliv Price Performance

ALV traded down $1.21 during trading on Friday, reaching $126.45. The company's stock had a trading volume of 221,149 shares, compared to its average volume of 783,409. The firm has a fifty day simple moving average of $118.43 and a two-hundred day simple moving average of $104.33. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.30 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Autoliv, Inc. has a 1 year low of $75.49 and a 1 year high of $127.89.

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 for the quarter, beating the consensus estimate of $2.07 by $0.14. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm'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 EPS. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its Board of Directors has initiated a stock repurchase plan 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 buy up to 31.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.