Autoliv, Inc. (NYSE:ALV) Shares Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has increased its stake in Autoliv, Inc. by 25.0%, acquiring an additional 15,247 shares, bringing its total to 76,194 shares valued at approximately $6.7 million.
• A stock buyback plan has been approved, allowing Autoliv to repurchase up to $2.5 billion in outstanding shares, indicating confidence in the stock's valuation.
• Autoliv has also announced a quarterly dividend increase to $0.85 per share, up from $0.70, representing an annualized yield of 3.1%.

New Age Alpha Advisors LLC increased its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,194 shares of the auto parts company's stock after acquiring an additional 15,247 shares during the period. New Age Alpha Advisors LLC owned approximately 0.10% of Autoliv worth $6,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Autoliv by 122.9% during 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. SG Americas Securities LLC bought a new stake in Autoliv in the first quarter worth about $637,000. Impax Asset Management Group plc lifted its stake in 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 worth $7,461,000 after purchasing an additional 8,953 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Autoliv by 7.3% in the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock worth $6,686,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Autoliv by 56.4% in the first quarter. Teacher Retirement System of Texas now owns 122,759 shares of the auto parts company's stock worth $10,858,000 after purchasing an additional 44,276 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Autoliv Stock Up 1.3%

NYSE ALV traded up $1.48 on Wednesday, hitting $113.83. The stock had a trading volume of 436,013 shares, compared to its average volume of 804,800. The business's fifty day moving average price is $111.92 and its 200 day moving average price is $99.98. 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, Inc. has a 52-week low of $75.49 and a 52-week high of $118.98. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly 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. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv announced that its board has approved a stock buyback program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the auto parts company to purchase up to 31.3% of its stock through open market purchases. Stock buyback programs are typically 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. Stockholders of record on Friday, September 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, September 5th. This is an increase from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a dividend yield of 3.0%. Autoliv's payout ratio is presently 30.63%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Autoliv from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Jefferies Financial Group started 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. Royal Bank Of Canada started coverage on shares of Autoliv in a research report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price on the stock. Robert W. Baird reduced their target price on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research report on Monday, July 21st. Finally, Mizuho raised their target price on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $120.64.

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.