Autoliv, Inc. $ALV Stock Position Boosted by Swedbank AB

Key Points

• Swedbank AB increased its stake in Autoliv, Inc. by 26.3%, now owning approximately 3.10% of the company, valued at $268,307,000 after acquiring 499,411 shares.
• Autoliv recently reported earnings of $2.21 EPS for the last quarter, surpassing analyst expectations, with a revenue of $2.71 billion.
• The company announced a share buyback plan allowing it to repurchase $2.50 billion in shares, indicating confidence in its stock value.

Swedbank AB boosted its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 26.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,397,735 shares of the auto parts company's stock after acquiring an additional 499,411 shares during the period. Swedbank AB owned 3.10% of Autoliv worth $268,307,000 at the end of the most recent reporting period.

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 first quarter valued at $25,000. GAMMA Investing LLC raised 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 worth $33,000 after purchasing an additional 204 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Autoliv during the first quarter worth $44,000. Signaturefd LLC raised its holdings in shares of Autoliv by 63.4% during the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after purchasing an additional 263 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Autoliv by 188.6% during the first quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after purchasing an additional 515 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALV. Barclays reissued an "overweight" rating and set a $135.00 target price (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. 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. Robert W. Baird dropped their target price on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Royal Bank Of Canada began coverage on shares of Autoliv in a report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of Autoliv from $106.00 to $126.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $122.92.

Autoliv Price Performance

ALV traded up $0.17 on Monday, reaching $125.99. The company had a trading volume of 611,683 shares, compared to its average volume of 534,464. The company has a fifty day moving average of $119.64 and a 200-day moving average of $105.85. The company has a market capitalization of $9.68 billion, a P/E ratio of 13.78, a PEG ratio of 1.30 and a beta of 1.34. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. Autoliv, Inc. has a one year low of $75.49 and a one year high of $127.89.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. Autoliv's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 EPS. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is 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.