United Services Automobile Association Invests $423,000 in Autoliv, Inc. $ALV

Key Points

• United Services Automobile Association has invested approximately $423,000 in Autoliv, Inc. by acquiring 4,741 shares in the 1st quarter of the year.
• Autoliv reported an earnings per share (EPS) of $2.21, surpassing analysts' expectations of $2.07, with a revenue of $2.71 billion for the quarter.
• The company has authorized a $2.50 billion share repurchase plan, indicating a belief that its stock is currently undervalued.

United Services Automobile Association bought a new position in Autoliv, Inc. (NYSE:ALV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,741 shares of the auto parts company's stock, valued at approximately $423,000.

Several other institutional investors have also recently made changes to their positions in ALV. SouthState Corp bought a new stake in shares of Autoliv in the 1st quarter worth about $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 worth $33,000 after acquiring an additional 204 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Autoliv in the 1st quarter worth 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 worth $60,000 after acquiring 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 worth $70,000 after acquiring an additional 515 shares during the last quarter. Institutional investors own 69.57% of the company's stock.

Autoliv Trading Down 0.3%

NYSE ALV opened at $125.37 on Thursday. 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 company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. The company's 50-day simple moving average is $118.23 and its two-hundred day simple moving average is $104.13. Autoliv, Inc. has a one year low of $75.49 and a one year high of $127.17.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. Equities analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv declared that its board has approved a share repurchase 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 buy up to 31.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

ALV has been the subject of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Wells Fargo & Company lifted their price objective on shares of Autoliv from $106.00 to $126.00 and gave the company an "equal weight" rating in a report on Tuesday. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. UBS Group lifted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Mizuho lifted their price objective on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Two 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.92.

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.

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