California Public Employees Retirement System Has $18.16 Million Holdings in Autoliv, Inc. (NYSE:ALV)

California Public Employees Retirement System cut its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 7.3% in the 4th quarter, Holdings Channel reports. The firm owned 164,812 shares of the auto parts company’s stock after selling 12,887 shares during the period. California Public Employees Retirement System’s holdings in Autoliv were worth $18,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC acquired a new stake in shares of Autoliv during the 3rd quarter valued at $254,000. Raymond James & Associates boosted its stake in shares of Autoliv by 143.7% during the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock valued at $2,780,000 after purchasing an additional 16,990 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Autoliv by 54.9% during the third quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock worth $2,905,000 after purchasing an additional 10,676 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Autoliv by 4.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock valued at $42,389,000 after acquiring an additional 16,964 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Autoliv by 269.5% during the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 636 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Mikael Bratt sold 4,226 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the transaction, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the sale, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,388 shares of company stock valued at $921,757. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALV. JPMorgan Chase & Co. raised their price objective on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Bank of America upped their price objective on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird boosted their price target on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $125.90.

Autoliv Price Performance

Shares of NYSE ALV opened at $121.24 on Tuesday. The company has a market capitalization of $9.88 billion, a PE ratio of 18.91, a PEG ratio of 0.81 and a beta of 1.72. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $117.94 and its 200-day moving average price is $108.27. Autoliv, Inc. has a twelve month low of $79.66 and a twelve month high of $125.91.

Autoliv (NYSE:ALV) last posted its quarterly earnings data 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. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Autoliv, Inc. will post 9.67 EPS for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, March 11th. Autoliv’s payout ratio is 42.43%.

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.