Lancaster Investment Management Has $79.92 Million Stake in Autoliv, Inc. (NYSE:ALV)

Lancaster Investment Management grew its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 58.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 903,537 shares of the auto parts company's stock after acquiring an additional 334,716 shares during the period. Autoliv accounts for approximately 59.3% of Lancaster Investment Management's investment portfolio, making the stock its biggest holding. Lancaster Investment Management owned approximately 1.17% of Autoliv worth $79,918,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. US Bancorp DE increased its stake in shares of Autoliv by 3.5% in the 4th quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after acquiring an additional 130 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Autoliv in the fourth quarter worth $3,815,000. Callan Family Office LLC bought a new stake in Autoliv in the fourth quarter valued at $326,000. AlphaQuest LLC increased its stake in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Autoliv during the fourth quarter valued at about $1,095,000. 69.57% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction of $168,437.60. Following the completion of the transaction, the director directly owned 77,493 shares of the company's stock, valued at approximately $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

ALV has been the topic of a number of research reports. Barclays upped their price target on Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Royal Bank Of Canada started coverage on shares of Autoliv in a research note on Wednesday, June 25th. They set an "outperform" rating and a $133.00 price target for the company. BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price objective for the company in a report on Friday, May 9th. Mizuho lifted their price target on Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of "Moderate Buy" and an average price target of $119.31.

Autoliv Stock Performance

Shares of NYSE ALV traded down $0.28 during mid-day trading on Friday, reaching $117.72. 544,465 shares of the company's stock were exchanged, compared to its average volume of 812,036. The firm has a 50-day moving average price of $106.75 and a two-hundred day moving average price of $97.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.73. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $118.98.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 6.63% and a return on equity of 30.47%. During the same quarter last year, the company posted $1.58 earnings per share. Analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv declared that its board has authorized a stock repurchase program on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

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 issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, September 5th. This is a boost from Autoliv's previous quarterly dividend of $0.70. Autoliv's payout ratio is 32.22%.

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.