Teacher Retirement System of Texas Trims Stake in Autoliv, Inc. $ALV

Teacher Retirement System of Texas cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 90.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,562 shares of the auto parts company’s stock after selling 111,197 shares during the period. Teacher Retirement System of Texas’ holdings in Autoliv were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock valued at $219,686,000 after acquiring an additional 2,004,515 shares during the last quarter. Swedbank AB raised its stake in Autoliv by 26.3% during the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after acquiring an additional 499,411 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company’s stock valued at $164,257,000 after acquiring an additional 233,469 shares during the last quarter. Lancaster Investment Management raised its stake in Autoliv by 1.1% during the 2nd quarter. Lancaster Investment Management now owns 913,060 shares of the auto parts company’s stock valued at $102,171,000 after acquiring an additional 9,523 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Autoliv by 13.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 793,306 shares of the auto parts company’s stock valued at $70,168,000 after acquiring an additional 91,312 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ALV. Robert W. Baird reduced their price objective on Autoliv from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Wall Street Zen raised Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Barclays upped their price objective on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Autoliv Stock Performance

Shares of ALV stock opened at $121.41 on Thursday. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The stock has a 50 day simple moving average of $122.26 and a 200-day simple moving average of $113.32. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $129.54. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.22. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business posted $1.84 EPS. Autoliv’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

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.