Wellington Management Group LLP Reduces Stock Position in Autoliv, Inc. $ALV

Key Points

• Wellington Management Group LLP reduced its stake in Autoliv, Inc. by 1.9%, selling 19,703 shares, and now owns 1,004,234 shares worth approximately $88.8 million.
• Autoliv recently increased its quarterly dividend to $0.85 per share, reflecting an annualized yield of 2.8%, up from the previous $0.70.
• Analysts have varied price targets for Autoliv, with a consensus rating of "Moderate Buy" and an average price target of $120.64, indicating positive sentiment towards the stock.

Wellington Management Group LLP lessened its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,004,234 shares of the auto parts company's stock after selling 19,703 shares during the quarter. Wellington Management Group LLP owned about 1.30% of Autoliv worth $88,824,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in Autoliv during the first quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after purchasing an additional 204 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Autoliv during the 1st quarter worth $44,000. Signaturefd LLC grew its holdings in shares of Autoliv by 63.4% during the 1st quarter. Signaturefd LLC now owns 678 shares of the auto parts company's stock worth $60,000 after purchasing an additional 263 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock worth $70,000 after purchasing an additional 515 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the completion of the transaction, the director owned 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Autoliv Stock Up 0.9%

ALV stock traded up $1.11 during midday trading on Tuesday, hitting $125.33. The company's stock had a trading volume of 548,860 shares, compared to its average volume of 800,523. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $125.66. The firm has a market capitalization of $9.63 billion, a P/E ratio of 13.70, a PEG ratio of 1.29 and a beta of 1.39. The firm has a 50-day simple moving average of $115.10 and a 200-day simple moving average of $101.84.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The business had revenue of $2.71 billion for 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%.The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 earnings per share. As a group, equities analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv declared that its board has approved a stock repurchase program on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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 given a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.7%. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio is 30.63%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ALV shares. Mizuho upped their target price on shares of Autoliv from $95.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. UBS Group boosted their price target on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Robert W. Baird decreased their price target on Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.64.

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.