Everstar Asset Management LLC Buys 4,276 Shares of Autoliv, Inc. $ALV

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 stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 138.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,371 shares of the auto parts company's stock after purchasing an additional 4,276 shares during the period. Everstar Asset Management LLC's holdings in Autoliv were worth $652,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SouthState Corp bought a new position in Autoliv in the 1st quarter worth approximately $25,000. GAMMA Investing LLC raised its position in Autoliv by 122.9% in 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 during the last quarter. FNY Investment Advisers LLC acquired a new stake in Autoliv during the 1st quarter worth $44,000. Signaturefd LLC grew 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. grew 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.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group lifted their target price on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. 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. Mizuho lifted 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. Jefferies Financial Group assumed coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price for the company. Finally, Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.92.

Autoliv Stock Down 1.2%

NYSE ALV traded down $1.54 on Friday, reaching $126.11. The company had a trading volume of 369,815 shares, compared to its average volume of 515,025. The company's fifty day moving average is $118.60 and its 200-day moving average is $104.56. 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 1-year low of $75.49 and a 1-year high of $127.89. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35.

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, topping the consensus estimate of $2.07 by $0.14. The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $1.87 EPS. On average, research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv declared that its Board of Directors has initiated a share buyback program 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 stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is 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.