GAMMA Investing LLC Grows Stake in Autoliv, Inc. (NYSE:ALV)

GAMMA Investing LLC boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 19,615.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,727 shares of the auto parts company’s stock after acquiring an additional 32,561 shares during the period. GAMMA Investing LLC’s holdings in Autoliv were worth $2,895,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC grew its stake in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Twin Tree Management LP purchased a new stake in Autoliv during the 4th quarter valued at about $50,000. Physician Wealth Advisors Inc. purchased a new stake in Autoliv during the 4th quarter valued at about $57,000. Raiffeisen Bank International AG purchased a new stake in Autoliv during the 4th quarter valued at about $155,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Autoliv in the 4th quarter valued at approximately $165,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALV. Barclays increased their price target on shares of Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Cowen began coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a “buy” rating for the company. 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 note on Wednesday, May 28th. BNP Paribas raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company increased their price target on shares of Autoliv from $82.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average target price of $114.00.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total value of $168,437.60. Following the completion of the transaction, the director now owns 77,493 shares in the company, valued at $8,394,041.76. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Autoliv Stock Performance

Shares of ALV stock opened at $109.97 on Friday. The firm’s 50 day moving average price is $95.42 and its 200-day moving average price is $95.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv, Inc. has a one year low of $75.49 and a one year high of $113.70. The firm has a market cap of $8.50 billion, a P/E ratio of 13.63, a P/E/G ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter in the previous year, the firm posted $1.58 earnings per share. As a group, equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a $0.85 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 annualized dividend and a dividend yield of 3.09%. Autoliv’s payout ratio is 39.13%.

Autoliv announced that its board has initiated a stock buyback 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 repurchase up to 31.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management 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.