Yousif Capital Management LLC Has $2.23 Million Position in Autoliv, Inc. (NYSE:ALV)

Yousif Capital Management LLC lowered its holdings in Autoliv, Inc. (NYSE:ALV) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,184 shares of the auto parts company’s stock after selling 833 shares during the quarter. Yousif Capital Management LLC’s holdings in Autoliv were worth $2,228,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ALV. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Autoliv in the 4th quarter valued at approximately $595,000. Van ECK Associates Corp boosted its stake in Autoliv by 40.0% in the 4th quarter. Van ECK Associates Corp now owns 67,751 shares of the auto parts company’s stock valued at $6,354,000 after buying an additional 19,360 shares in the last quarter. ABC Arbitrage SA bought a new stake in Autoliv in the fourth quarter valued at $394,000. Rhumbline Advisers raised its stake in Autoliv by 3.5% during the fourth quarter. Rhumbline Advisers now owns 132,389 shares of the auto parts company’s stock worth $12,417,000 after acquiring an additional 4,483 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALV. BNP Paribas raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Friday, May 9th. BNP Paribas Exane raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price objective on the stock in a research note on Friday, May 9th. Wall Street Zen raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. UBS Group boosted their target price on Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Finally, Barclays increased their price target on Autoliv from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Six investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Autoliv Price Performance

Autoliv stock opened at $108.56 on Friday. The business’s 50-day simple moving average is $96.06 and its 200 day simple moving average is $95.13. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $112.32.

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

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 issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Autoliv’s previous quarterly dividend of $0.70. Autoliv’s payout ratio is currently 39.13%.

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

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the firm’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 transaction, the director now owns 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

About Autoliv

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.