Autoliv, Inc. $ALV Shares Bought by Signet Financial Management LLC

Signet Financial Management LLC boosted its position in shares of Autoliv, Inc. (NYSE:ALV) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,131 shares of the auto parts company’s stock after buying an additional 287 shares during the quarter. Signet Financial Management LLC’s holdings in Autoliv were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in Autoliv during the first quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Autoliv during the first quarter valued at $44,000. Signaturefd LLC lifted its holdings in Autoliv by 63.4% during the first quarter. Signaturefd LLC now owns 678 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 263 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Autoliv by 91.2% during the second quarter. Parallel Advisors LLC now owns 719 shares of the auto parts company’s stock valued at $80,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Trading Down 1.3%

Shares of ALV stock opened at $123.20 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The stock has a market capitalization of $9.46 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The company has a 50 day moving average price of $120.15 and a 200 day moving average price of $106.31. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $127.89.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv declared that its board has approved a stock repurchase 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 reacquire up to 31.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have issued reports on ALV shares. Barclays reaffirmed an “overweight” rating and set a $135.00 price objective (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Jefferies Financial Group initiated coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They set a “buy” rating and a $140.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Autoliv from $126.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Finally, 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 for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.75.

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.