California Public Employees Retirement System Sells 9,412 Shares of Autoliv, Inc. (NYSE:ALV)

California Public Employees Retirement System reduced its stake in Autoliv, Inc. (NYSE:ALV – Get Rating) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,756 shares of the auto parts company’s stock after selling 9,412 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Autoliv worth $14,914,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Autoliv by 52.5% during the fourth quarter. Signaturefd LLC now owns 526 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 181 shares during the period. IFP Advisors Inc increased its holdings in shares of Autoliv by 102.2% during the fourth quarter. IFP Advisors Inc now owns 548 shares of the auto parts company’s stock worth $93,000 after purchasing an additional 277 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Autoliv during the second quarter worth approximately $72,000. Lazard Asset Management LLC bought a new position in shares of Autoliv during the third quarter worth approximately $69,000. Finally, Dupont Capital Management Corp bought a new position in shares of Autoliv during the third quarter worth approximately $91,000. 46.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Fredrik Westin sold 538 shares of Autoliv stock in a transaction on Friday, February 17th. The shares were sold at an average price of $89.21, for a total transaction of $47,994.98. Following the completion of the transaction, the insider now owns 2,638 shares of the company’s stock, valued at $235,335.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Autoliv news, insider Magnus Jarlegren sold 402 shares of Autoliv stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $91.66, for a total value of $36,847.32. Following the completion of the sale, the insider now directly owns 4,184 shares of the company’s stock, valued at $383,505.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Fredrik Westin sold 538 shares of Autoliv stock in a transaction on Friday, February 17th. The shares were sold at an average price of $89.21, for a total transaction of $47,994.98. Following the completion of the sale, the insider now directly owns 2,638 shares of the company’s stock, valued at $235,335.98. The disclosure for this sale can be found here. Insiders sold 2,445 shares of company stock valued at $231,505 over the last quarter. Insiders own 0.20% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $87.99 on Friday. The firm has a market cap of $7.55 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.60 and a beta of 1.70. The firm’s fifty day moving average is $89.17 and its 200-day moving average is $86.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.15. Autoliv, Inc. has a 52 week low of $65.74 and a 52 week high of $96.49.

Autoliv (NYSE:ALV – Get Rating) last announced its earnings results on Friday, April 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. Autoliv had a net margin of 4.51% and a return on equity of 16.30%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm earned $0.45 earnings per share. Autoliv’s quarterly revenue was up 17.4% on a year-over-year basis. Sell-side analysts predict that Autoliv, Inc. will post 6.42 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Thursday, May 25th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, May 24th. Autoliv’s dividend payout ratio is presently 55.23%.

Analyst Ratings Changes

ALV has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Autoliv from $81.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, January 30th. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Nordea Equity Research lowered shares of Autoliv from a “buy” rating to a “sell” rating in a research report on Tuesday, January 31st. Barclays reduced their price target on shares of Autoliv from $100.00 to $95.00 in a research report on Monday, April 24th. Finally, Robert W. Baird reduced their price target on shares of Autoliv from $101.00 to $99.00 in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.77.

Autoliv Profile

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Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.