Autoliv, Inc. $ALV Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in Autoliv, Inc. by 87.7%, acquiring an additional 82,823 shares to own approximately 0.23% of the company, valued at about $15.7 million.
• Multiple hedge funds have also expanded their positions in Autoliv, including GAMMA Investing LLC, which raised its stake by 122.9%, now owning 370 shares worth $33,000.
• Autoliv recently announced a quarterly dividend increase to **$0.85 per share**, representing an annualized yield of 2.7%, and is authorized to buy back up to $2.5 billion in shares, indicating confidence in its stock value.

Trexquant Investment LP boosted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 87.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,287 shares of the auto parts company's stock after buying an additional 82,823 shares during the quarter. Trexquant Investment LP owned approximately 0.23% of Autoliv worth $15,681,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SouthState Corp purchased a new position in Autoliv in the first quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in shares of Autoliv by 122.9% in 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. FNY Investment Advisers LLC purchased a new stake in shares of Autoliv in the 1st quarter valued at about $44,000. Signaturefd LLC lifted its holdings 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 purchasing an additional 263 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings 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 purchasing an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Trading Down 0.1%

ALV stock traded down $0.16 during midday trading on Tuesday, hitting $123.91. The stock had a trading volume of 338,491 shares, compared to its average volume of 794,188. The firm has a market cap of $9.52 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.34. 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 12-month low of $75.49 and a 12-month high of $125.82. The company's 50-day moving average price is $116.52 and its 200 day moving average price is $102.90.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.07 by $0.14. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. Autoliv's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. On average, equities research analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be issued a $0.85 dividend. This is a boost from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.7%. Autoliv's dividend payout ratio (DPR) is 30.63%.

Autoliv declared that its board has authorized a stock buyback plan on Wednesday, June 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on ALV shares. Mizuho boosted their target price on Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Robert W. Baird decreased their target price on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. 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 research note on Wednesday, May 28th. Jefferies Financial Group started coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of Autoliv in a research note on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.64.

Insider Buying and Selling at Autoliv

In other Autoliv 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 value of $168,437.60. Following the transaction, the director owned 77,493 shares in the company, valued at $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale 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.

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.