Farther Finance Advisors LLC Decreases Stake in Autoliv, Inc. $ALV

Farther Finance Advisors LLC reduced its position in Autoliv, Inc. (NYSE:ALV) by 27.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,931 shares of the auto parts company’s stock after selling 713 shares during the period. Farther Finance Advisors LLC’s holdings in Autoliv were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Autoliv by 418.3% in the 1st 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 buying an additional 2,004,515 shares during the last quarter. Swedbank AB boosted its position in Autoliv by 26.3% in the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after buying an additional 499,411 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Autoliv by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company’s stock valued at $164,257,000 after buying an additional 233,469 shares during the last quarter. Lancaster Investment Management boosted its position in Autoliv by 58.8% in the 1st quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company’s stock valued at $79,918,000 after buying an additional 334,716 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Autoliv by 13.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 793,306 shares of the auto parts company’s stock valued at $70,168,000 after buying an additional 91,312 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of NYSE:ALV opened at $124.26 on Thursday. The firm’s 50 day moving average is $120.98 and its two-hundred day moving average is $107.25. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $127.89. The firm has a market capitalization of $9.54 billion, a P/E ratio of 13.60, a PEG ratio of 1.28 and a beta of 1.33. 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) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business earned $1.87 earnings per share. Autoliv’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv declared that its board has approved a share buyback plan 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 plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ALV has been the topic of several research analyst reports. Mizuho increased their price target on shares of Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Barclays reaffirmed an “overweight” rating and set a $135.00 price target (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Robert W. Baird reduced 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. Royal Bank Of Canada initiated coverage on shares of Autoliv in a research report on Wednesday, June 25th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Autoliv from $126.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.75.

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.