Autoliv, Inc. (NYSE:ALV) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Autoliv, Inc. (NYSE:ALV) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 180,174 shares of the auto parts company’s stock after selling 575 shares during the quarter. Retirement Systems of Alabama’s holdings in Autoliv were worth $16,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALV. Benjamin F. Edwards & Company Inc. lifted its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after buying an additional 117 shares during the last quarter. Quantinno Capital Management LP raised its position in Autoliv by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after purchasing an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Autoliv by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 156 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after purchasing an additional 162 shares during the period. Finally, Pacer Advisors Inc. grew its position in Autoliv by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 16,606 shares of the auto parts company’s stock worth $1,777,000 after purchasing an additional 197 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

ALV opened at $97.53 on Monday. The stock’s 50 day simple moving average is $97.05 and its 200 day simple moving average is $100.89. The stock has a market cap of $7.68 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.90 and a beta of 1.59. Autoliv, Inc. has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $1.66 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Autoliv, Inc. will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.87%. Autoliv’s dividend payout ratio is currently 36.46%.

Analyst Ratings Changes

ALV has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Barclays decreased their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Robert W. Baird boosted their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, Wolfe Research initiated coverage on shares of Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average price target of $122.77.

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.