GAMMA Investing LLC Has $2.90 Million Stock Holdings in Autoliv, Inc. (NYSE:ALV)

GAMMA Investing LLC increased its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 19,615.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,727 shares of the auto parts company's stock after buying an additional 32,561 shares during the period. GAMMA Investing LLC's holdings in Autoliv were worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ALV. Sumitomo Mitsui Trust Group Inc. bought a new stake in Autoliv in the fourth quarter valued at approximately $595,000. Van ECK Associates Corp increased its stake in Autoliv by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 67,751 shares of the auto parts company's stock valued at $6,354,000 after purchasing an additional 19,360 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Autoliv in the fourth quarter valued at approximately $3,392,000. ABC Arbitrage SA bought a new stake in Autoliv in the fourth quarter valued at approximately $394,000. Finally, Rhumbline Advisers increased its stake in Autoliv by 3.5% in the fourth quarter. Rhumbline Advisers now owns 132,389 shares of the auto parts company's stock valued at $12,417,000 after purchasing an additional 4,483 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Up 2.6%

ALV traded up $2.82 during trading hours on Monday, hitting $111.39. 640,541 shares of the company's stock were exchanged, compared to its average volume of 808,839. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $112.32. The stock's 50-day moving average is $96.75 and its two-hundred day moving average is $95.19. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.73 and a beta of 1.36. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The firm had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter last year, the company posted $1.58 earnings per share. Sell-side analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 3.05%. This is a boost from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio (DPR) is currently 39.13%.

Autoliv announced that its board has initiated a share repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cowen assumed coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating for the company. Wells Fargo & Company upped their target price on shares of Autoliv from $82.00 to $100.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays increased their price objective on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Mizuho boosted their price objective 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, TD Cowen assumed coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a "buy" rating and a $116.00 price objective on the stock. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total value of $168,437.60. Following the completion of the sale, the director now owns 77,493 shares in the company, valued at $8,394,041.76. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company's stock.

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.