Swedbank AB Sells 602,162 Shares of Autoliv, Inc. $ALV

Key Points

• Swedbank AB sold 602,162 shares of Autoliv, Inc., reducing its holdings by 24.1%, leaving it with 1,898,324 shares, valued at approximately $167.9 million.
• Several institutional investors increased their stakes in Autoliv, with Charles Schwab Investment Management Inc. raising its stake by 418.3%, now owning over 2.4 million shares.
• Analyst ratings for Autoliv are mostly positive, with a consensus "Moderate Buy" rating and a price target of $122.92, reflecting strong investor confidence.

Swedbank AB decreased its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 24.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,898,324 shares of the auto parts company's stock after selling 602,162 shares during the period. Swedbank AB owned about 2.46% of Autoliv worth $167,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ALV. Charles Schwab Investment Management Inc. raised its stake in Autoliv by 418.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after buying an additional 2,004,515 shares in the last quarter. Lancaster Investment Management raised its stake in Autoliv by 58.8% in the first quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company's stock worth $79,918,000 after buying an additional 334,716 shares in the last quarter. LSV Asset Management raised its stake in Autoliv by 73.4% in the first quarter. LSV Asset Management now owns 556,633 shares of the auto parts company's stock worth $49,234,000 after buying an additional 235,553 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Autoliv by 14.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock worth $164,257,000 after buying an additional 233,469 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Autoliv by 93.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 327,500 shares of the auto parts company's stock worth $28,967,000 after buying an additional 157,952 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ALV shares. Barclays reissued an "overweight" rating and issued a $135.00 price objective (up previously from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Royal Bank Of Canada assumed coverage on shares of Autoliv in a report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price target on the stock. UBS Group increased their price objective on Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Robert W. Baird dropped their target price on Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on Autoliv from $106.00 to $126.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.92.

Autoliv Price Performance

Shares of ALV opened at $127.83 on Friday. The firm has a market capitalization of $9.82 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. 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 1-year low of $75.49 and a 1-year high of $127.89. The company's fifty day moving average price is $118.43 and its 200-day moving average price is $104.33.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. The firm had revenue of $2.71 billion for 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%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. On average, equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.

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