United Services Automobile Association Buys Shares of 4,741 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 stake in Autoliv, Inc. (NYSE:ALV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,741 shares of the auto parts company's stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Everstar Asset Management LLC grew its position in Autoliv by 138.2% in the first quarter. Everstar Asset Management LLC now owns 7,371 shares of the auto parts company's stock valued at $652,000 after acquiring an additional 4,276 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock valued at $16,935,000 after purchasing an additional 89,918 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Autoliv during the 1st quarter valued at $76,000. Jones Financial Companies Lllp increased its stake in Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock worth $937,000 after buying an additional 10,285 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Autoliv in the 1st quarter worth $1,413,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Stock Down 1.7%

Autoliv stock traded down $2.16 during midday trading on Tuesday, hitting $124.36. The stock had a trading volume of 116,936 shares, compared to its average volume of 777,994. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The stock has a market cap of $9.55 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.30 and a beta of 1.34. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $127.89. The business has a fifty day moving average price of $118.80 and a 200 day moving average price of $104.82.

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 the consensus estimate 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 return on equity of 30.73% and a net margin of 6.83%.Autoliv's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 earnings per share. 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 stock buyback plan on Wednesday, June 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALV. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. UBS Group lifted their target price on Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group began coverage on Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price on the stock. 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 report on Monday, July 21st. Finally, Royal Bank Of Canada began coverage on Autoliv in a research report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.92.

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.