Autoliv, Inc. (NYSE:ALV) Shares Sold by GAM Holding AG

GAM Holding AG reduced its holdings in Autoliv, Inc. (NYSE:ALV) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,296 shares of the auto parts company’s stock after selling 147 shares during the period. GAM Holding AG’s holdings in Autoliv were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc grew its holdings in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the period. US Bancorp DE grew its holdings in Autoliv by 3.5% in the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock valued at $358,000 after purchasing an additional 130 shares during the period. AlphaQuest LLC grew its holdings in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the period. Deutsche Bank AG grew its holdings in Autoliv by 2.3% in the fourth quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company’s stock valued at $552,000 after purchasing an additional 135 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Autoliv by 0.6% in the fourth quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company’s stock valued at $2,213,000 after purchasing an additional 136 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Stock Performance

Shares of Autoliv stock opened at $109.39 on Friday. Autoliv, Inc. has a one year low of $75.49 and a one year high of $112.00. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.86 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.97. The business’s 50 day moving average price is $99.05 and its 200 day moving average price is $95.54.

Autoliv (NYSE:ALV) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, 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 program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 31.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Autoliv Increases Dividend

The firm also recently announced 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 3.11%. This is an increase from Autoliv’s previous quarterly dividend of $0.70. Autoliv’s payout ratio is currently 39.13%.

Insider Activity at Autoliv

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

Analyst Ratings Changes

ALV has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Autoliv from $82.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. BNP Paribas raised Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 9th. BNP Paribas Exane raised Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Friday, May 9th. UBS Group lifted their price target on Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Finally, TD Cowen initiated coverage on Autoliv in a research note on Friday, March 7th. They issued a “buy” rating and a $116.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $114.00.

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.