Paragon Capital Management Ltd Takes $257,000 Position in Autoliv, Inc. $ALV

Key Points

• Paragon Capital Management Ltd has acquired a $257,000 stake in Autoliv, Inc., purchasing 2,301 shares as reported in their recent 13F filing.
• Multiple institutional investors, including SouthState Corp and UMB Bank, have also recently increased their stakes in Autoliv, contributing to a total of 69.57% institutional ownership of the company's stock.
• Wall Street analysts have given Autoliv a consensus rating of "Moderate Buy" with price targets ranging from $124 to $140, reflecting positive growth expectations.

Paragon Capital Management Ltd acquired a new stake in Autoliv, Inc. (NYSE:ALV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,301 shares of the auto parts company's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in Autoliv in the 1st quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in shares of Autoliv by 122.9% in the first 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 in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Autoliv in the 1st quarter valued at $44,000. Signaturefd LLC increased its stake in shares of Autoliv by 63.4% in the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock valued at $60,000 after buying an additional 263 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Autoliv by 188.6% in the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock valued at $70,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Mizuho lifted their price target on shares of Autoliv from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Tuesday. Robert W. Baird lowered their price target on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, July 21st. Jefferies Financial Group assumed coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price for the company. Finally, Barclays reaffirmed an "overweight" rating and set a $135.00 target price (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.75.

Autoliv Stock Up 1.7%

Shares of NYSE ALV opened at $125.28 on Friday. The stock has a market cap of $9.62 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.28 and a beta of 1.35. The firm has a 50 day moving average price of $120.42 and a 200 day moving average price of $106.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.57 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The firm's revenue was up 4.2% on a year-over-year basis. Analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its Board of Directors has initiated a stock repurchase program on Wednesday, June 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 31.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Autoliv Company 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.

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