4,392 Shares in Autoliv, Inc. (NYSE:ALV) Purchased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp acquired a new position in Autoliv, Inc., purchasing 4,392 shares valued at approximately $388,000 during the first quarter.
• Autoliv reported a quarterly earnings per share (EPS) of $2.21, surpassing analysts' estimates of $2.07, with revenues reaching $2.71 billion.
• The company declared an increased quarterly dividend of $0.85 and initiated a stock buyback program allowing for up to $2.50 billion in share repurchases.

Mackenzie Financial Corp bought a new position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,392 shares of the auto parts company's stock, valued at approximately $388,000.

Several other hedge funds have also recently bought and sold shares 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 valued at $33,000 after purchasing an additional 204 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Autoliv during the first quarter valued at approximately $44,000. Signaturefd LLC boosted its stake in shares of Autoliv by 63.4% in the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 263 shares during the period. UMB Bank n.a. increased its stake in Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after buying an additional 515 shares during the period. Finally, CWM LLC boosted its position in Autoliv by 22.1% in the 1st quarter. CWM LLC now owns 1,027 shares of the auto parts company's stock valued at $91,000 after buying an additional 186 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Trading Down 0.6%

ALV stock traded down $0.71 during mid-day trading on Friday, reaching $112.42. 648,041 shares of the stock traded hands, compared to its average volume of 801,595. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $118.98. The stock's fifty day moving average is $112.29 and its 200-day moving average is $100.18. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The company has a market cap of $8.63 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.17 and a beta of 1.39.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results 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 return on equity of 30.73% and a net margin of 6.83%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the firm posted $1.87 earnings per share. Autoliv's revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

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 paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio (DPR) is 30.63%.

Autoliv declared that its Board of Directors has approved a stock buyback program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on ALV. BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Robert W. Baird decreased their target price on Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, July 21st. UBS Group increased their target price on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Mizuho raised their price target on Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Barclays reiterated an "overweight" rating and issued a $135.00 target price (up from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $120.64.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of the business's 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 directly owned 77,493 shares in the company, valued at approximately $8,394,041.76. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% 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.