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

GAMMA Investing LLC boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 19,615.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,727 shares of the auto parts company's stock after acquiring an additional 32,561 shares during the quarter. GAMMA Investing LLC's holdings in Autoliv were worth $2,895,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock worth $670,270,000 after acquiring an additional 641,895 shares during the period. Norges Bank bought a new position in shares of Autoliv in the fourth quarter worth about $36,761,000. FIL Ltd increased its stake in shares of Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock worth $223,433,000 after purchasing an additional 351,876 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Autoliv by 67.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company's stock worth $65,840,000 after purchasing an additional 284,002 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Autoliv during the 4th quarter valued at approximately $25,749,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ALV. Wells Fargo & Company upped their price target on Autoliv from $82.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. TD Cowen assumed coverage on shares of Autoliv in a research note on Friday, March 7th. They set a "buy" rating and a $116.00 target price for the company. UBS Group increased their price target on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Robert W. Baird decreased their price target on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Cowen started coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a "buy" rating for the company. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.00.

Autoliv Price Performance

Shares of NYSE ALV traded down $1.42 during mid-day trading on Friday, hitting $108.56. 630,677 shares of the stock were exchanged, compared to its average volume of 813,139. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $113.70. The stock's fifty day simple moving average is $95.42 and its two-hundred day simple moving average is $95.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market cap of $8.39 billion, a P/E ratio of 13.45, a PEG ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share 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 return on equity of 28.62% and a net margin of 6.21%. During the same period last year, the firm posted $1.58 EPS. As a group, analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a dividend of $0.85 per share. This is an increase from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 annualized dividend and a yield of 3.13%. Autoliv's dividend payout ratio is 39.13%.

Autoliv declared that its board has initiated a share 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 repurchase up to 31.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director now directly owns 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.