OLD Mission Capital LLC Lowers Stock Holdings in Autoliv, Inc. $ALV

Key Points

• OLD Mission Capital LLC reduced its stake in Autoliv, Inc. by 31.8%, selling 20,138 shares to hold 43,126 shares, which are now worth approximately $3.81 million.
• In the first quarter, several investors such as Trexquant and Credit Agricole increased their positions in Autoliv, with institutional ownership standing at 69.57%.
• Autoliv announced a quarterly dividend increase to $0.85 per share and has initiated a stock buyback plan worth $2.50 billion, reflecting confidence in the company's stock value.

OLD Mission Capital LLC reduced its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 31.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,126 shares of the auto parts company's stock after selling 20,138 shares during the period. OLD Mission Capital LLC owned about 0.06% of Autoliv worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ALV. GAMMA Investing LLC boosted its position in Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after buying an additional 204 shares during the period. Summit Securities Group LLC acquired a new stake in Autoliv during the 1st quarter worth approximately $1,029,000. SG Americas Securities LLC acquired a new stake in Autoliv during the 1st quarter worth approximately $637,000. Impax Asset Management Group plc boosted its position in Autoliv by 11.9% during the 1st quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock worth $7,461,000 after buying an additional 8,953 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Autoliv by 7.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock worth $6,686,000 after buying an additional 5,137 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the sale, the director directly owned 77,493 shares of the company's stock, valued at $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ALV has been the topic of several recent research reports. 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. Robert W. Baird dropped their price target 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. Royal Bank Of Canada started coverage on shares of Autoliv in a research report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target on the stock. Barclays restated an "overweight" rating and issued a $135.00 price target (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Finally, BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.64.

Autoliv Stock Performance

NYSE ALV traded up $0.06 during trading on Wednesday, hitting $124.46. 624,608 shares of the company's stock traded hands, compared to its average volume of 794,093. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.29 and a beta of 1.35. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $126.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The business has a 50 day moving average of $116.77 and a 200-day moving average of $103.05.

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, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 4th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.