XY Capital Ltd Decreases Stock Holdings in Autoliv, Inc. (NYSE:ALV)

Key Points

• XY Capital Ltd decreased its stake in Autoliv, Inc. by 49.7%, owning 9,422 shares worth $833,000, which represents 0.2% of its portfolio.
• Several institutional investors, including Deutsche Bank AG and Charles Schwab Investment Management Inc., made significant increases in their holdings of Autoliv during the same quarter.
• Autoliv announced a $2.50 billion share repurchase plan and increased its quarterly dividend from $0.70 to $0.85, reflecting confidence in the company's value and performance.

XY Capital Ltd lowered its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,422 shares of the auto parts company's stock after selling 9,325 shares during the quarter. Autoliv accounts for 0.2% of XY Capital Ltd's portfolio, making the stock its 24th largest position. XY Capital Ltd's holdings in Autoliv were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in shares of Autoliv by 4.8% during the 1st quarter. Deutsche Bank AG now owns 6,169 shares of the auto parts company's stock valued at $546,000 after buying an additional 283 shares during the period. Charles Schwab Investment Management Inc. increased its position in Autoliv by 418.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock valued at $219,686,000 after acquiring an additional 2,004,515 shares during the last quarter. ABC Arbitrage SA increased its position in Autoliv by 289.0% during the first quarter. ABC Arbitrage SA now owns 16,327 shares of the auto parts company's stock valued at $1,444,000 after acquiring an additional 12,130 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in Autoliv by 25.0% in the first quarter. New Age Alpha Advisors LLC now owns 76,194 shares of the auto parts company's stock valued at $6,739,000 after acquiring an additional 15,247 shares during the period. Finally, LSV Asset Management boosted its position in Autoliv by 73.4% in the first quarter. LSV Asset Management now owns 556,633 shares of the auto parts company's stock worth $49,234,000 after purchasing an additional 235,553 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Transactions at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the transaction, the director owned 77,493 shares of the company's stock, valued at $8,394,041.76. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

ALV has been the subject of several research reports. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Mizuho boosted 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. Robert W. Baird decreased their price target on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research report on Monday, July 21st. UBS Group lifted their price target 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. Finally, Wells Fargo & Company upped their price objective on Autoliv from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.64.

Autoliv Stock Performance

NYSE:ALV opened at $113.28 on Friday. The stock has a 50-day moving average price of $112.10 and a 200 day moving average price of $100.09. The stock has a market capitalization of $8.70 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.19 and a beta of 1.39. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $118.98. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55.

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

Autoliv declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are 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 issued a $0.85 dividend. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 3.0%. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's payout ratio is presently 30.63%.

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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