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LSV Asset Management Has $49.23 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Autoliv logo with Auto/Tires/Trucks background

Key Points

  • LSV Asset Management increased its stake in Autoliv, Inc. by 73.4%, holding approximately 556,633 shares worth $49.23 million at the end of the first quarter.
  • Autoliv recently announced a $2.50 billion share buyback program, allowing the company to repurchase up to 31.3% of its shares, which is often viewed as a sign of management's confidence in the stock's value.
  • The company raised its quarterly dividend to $0.85 per share, up from $0.70, reflecting a commitment to returning value to shareholders with a 3.1% yield.
  • Five stocks we like better than Autoliv.

LSV Asset Management boosted its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 73.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,633 shares of the auto parts company's stock after buying an additional 235,553 shares during the period. LSV Asset Management owned approximately 0.72% of Autoliv worth $49,234,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after acquiring an additional 204 shares in the last quarter. SG Americas Securities LLC acquired a new position in Autoliv during the first quarter worth $637,000. Impax Asset Management Group plc lifted its stake in shares of Autoliv by 11.9% in the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock valued at $7,461,000 after buying an additional 8,953 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Autoliv by 7.3% during the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock valued at $6,686,000 after buying an additional 5,137 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Autoliv during the fourth quarter worth about $36,761,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autoliv

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

Autoliv Price Performance

Shares of NYSE:ALV opened at $110.26 on Friday. The firm has a market capitalization of $8.47 billion, a PE ratio of 12.06, a P/E/G ratio of 1.16 and a beta of 1.39. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $111.37 and a two-hundred day moving average price of $99.70. Autoliv, Inc. has a twelve month low of $75.49 and a twelve month high of $118.98.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data 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. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm earned $1.87 EPS. Autoliv's revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

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

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be issued a dividend of $0.85 per share. This is a positive change 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 dividend on an annualized basis and a yield of 3.1%. Autoliv's payout ratio is currently 30.63%.

Analysts Set New Price Targets

Several brokerages have recently commented on ALV. BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th. Jefferies Financial Group initiated coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Autoliv in a report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 target price for the company. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Robert W. Baird decreased their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $120.64.

Check Out Our Latest Report on Autoliv

About Autoliv

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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