New York State Teachers Retirement System Raises Stock Holdings in Autoliv, Inc. (NYSE:ALV)

New York State Teachers Retirement System increased its position in Autoliv, Inc. (NYSE:ALV) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,418 shares of the auto parts company’s stock after buying an additional 304 shares during the period. New York State Teachers Retirement System’s holdings in Autoliv were worth $3,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its stake in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Autoliv during the 3rd quarter valued at about $46,000. New York State Common Retirement Fund purchased a new position in shares of Autoliv during the 1st quarter valued at about $49,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Autoliv during the 2nd quarter valued at about $72,000. Finally, Fifth Third Bancorp raised its stake in shares of Autoliv by 269.5% during the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock valued at $84,000 after buying an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ALV shares. Wells Fargo & Company lifted their price objective on Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 12th. Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Barclays lifted their price objective on Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, Mizuho raised their target price on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Autoliv has a consensus rating of “Hold” and a consensus price target of $115.18.

Autoliv Trading Up 0.5 %

ALV stock opened at $115.89 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. Autoliv, Inc. has a 12-month low of $79.66 and a 12-month high of $124.38. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.74 and a beta of 1.72. The business’s 50-day moving average is $116.51 and its 200 day moving average is $106.71.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.7 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, March 11th. Autoliv’s dividend payout ratio is currently 47.30%.

Insider Transactions at Autoliv

In other news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the sale, the executive vice president now owns 4,859 shares of the company’s stock, valued at approximately $534,490. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the sale, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The disclosure for this sale can be found here. Insiders have sold a total of 8,388 shares of company stock worth $921,757 in the last ninety days. Insiders own 0.24% of the company’s stock.

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.