Wedge Capital Management L L P NC Has $9.71 Million Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Wedge Capital Management L L P NC trimmed its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,728 shares of the auto parts company's stock after selling 9,817 shares during the period. Wedge Capital Management L L P NC owned approximately 0.14% of Autoliv worth $9,705,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after acquiring an additional 641,895 shares during the period. FIL Ltd raised its position in shares of Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after acquiring an additional 351,876 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Autoliv by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company's stock valued at $152,275,000 after acquiring an additional 134,347 shares during the period. Mondrian Investment Partners LTD raised its position in shares of Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock valued at $133,259,000 after acquiring an additional 59,592 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Autoliv by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company's stock valued at $96,035,000 after acquiring an additional 113,500 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Barclays increased their target price on Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. BNP Paribas Exane raised Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 target price for the company in a research note on Friday, May 9th. TD Cowen assumed coverage on Autoliv in a research note on Friday, March 7th. They set a "buy" rating and a $116.00 target price for the company. Finally, BNP Paribas raised Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.00.

Autoliv Stock Up 0.5%

ALV opened at $105.67 on Monday. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $119.74. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of $8.17 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.73 and a beta of 1.36. The stock has a fifty day moving average of $93.49 and a 200-day moving average of $94.80.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $1.58 earnings per share. On average, equities analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.85 per share. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio (DPR) is currently 39.13%.

Autoliv declared that its board has approved 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 buy up to 31.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are 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.

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