Autoliv, Inc. $ALV Holdings Raised by Everstar Asset Management LLC

Key Points

• Everstar Asset Management LLC increased its stake in Autoliv, Inc. by 138.2% in Q1, owning a total of 7,371 shares valued at $652,000.
• Other institutional investors like Charles Schwab Investment Management and Dimensional Fund Advisors also significantly boosted their holdings in Autoliv during the same period.
• Analysts have varied price targets for Autoliv, with Wells Fargo raising it to $104 and UBS increasing it to $123, while the stock currently holds a consensus rating of "Moderate Buy."

Everstar Asset Management LLC increased its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 138.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,371 shares of the auto parts company's stock after acquiring an additional 4,276 shares during the period. Everstar Asset Management LLC's holdings in Autoliv were worth $652,000 at the end of the most recent quarter.

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

Autoliv Stock Down 1.2%

ALV stock traded down $1.54 during trading on Friday, reaching $126.11. The stock had a trading volume of 290,332 shares, compared to its average volume of 783,563. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $127.89. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $9.69 billion, a P/E ratio of 13.80, a PEG ratio of 1.30 and a beta of 1.35. The firm has a fifty day moving average price of $118.43 and a 200 day moving average price of $104.33.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.14. The company 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 company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 EPS. On average, equities analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv announced that its board has approved a stock repurchase plan on Wednesday, June 4th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

ALV has been the subject of several research reports. Jefferies Financial Group assumed coverage on Autoliv in a research note on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective for the company. Wall Street Zen raised Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Wells Fargo & Company raised their price objective on Autoliv from $106.00 to $126.00 and gave the stock an "equal weight" rating in a report on Tuesday. UBS Group raised their price objective on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Barclays reaffirmed 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. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.92.

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.