Invesco Ltd. Has $13.14 Million Position in Autoliv, Inc. $ALV

Key Points

• Invesco Ltd. increased its stake in Autoliv, acquiring an additional 24,586 shares, resulting in a total of 148,557 shares owned, valued at $13.14 million.
• Autoliv reported earnings of $2.21 per share for the last quarter, exceeding estimates, and experienced a year-over-year revenue increase of 4.2%.
• The company authorized a $2.5 billion stock repurchase plan, indicating management's belief that shares may be undervalued.

Invesco Ltd. lifted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 19.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,557 shares of the auto parts company's stock after acquiring an additional 24,586 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Autoliv worth $13,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 204 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Autoliv in the 1st quarter worth approximately $637,000. Impax Asset Management Group plc increased its position in Autoliv by 11.9% in the 1st quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock valued at $7,461,000 after acquiring an additional 8,953 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Autoliv by 7.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock valued at $6,686,000 after acquiring an additional 5,137 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock valued at $219,686,000 after acquiring an additional 2,004,515 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALV. Mizuho raised 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. Barclays restated an "overweight" rating and issued a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on shares of Autoliv from $100.00 to $104.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group initiated coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.64.

Autoliv Trading Down 0.2%

Shares of Autoliv stock traded down $0.27 during trading on Friday, hitting $123.95. 605,559 shares of the company were exchanged, compared to its average volume of 546,594. The firm has a market capitalization of $9.52 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $125.82. The firm's fifty day moving average price is $116.25 and its 200 day moving average price is $102.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70.

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 (EPS) 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 analyst estimates of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 EPS. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, September 5th. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio is presently 30.63%.

Autoliv announced that its board has approved 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 reacquire up to 31.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Jan Carlson sold 1,555 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the transaction, the director directly owned 77,493 shares in the company, valued at approximately $8,394,041.76. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

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.