California Public Employees Retirement System Raises Stake in Autoliv, Inc. $ALV

California Public Employees Retirement System boosted its stake in Autoliv, Inc. (NYSE:ALV) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,495 shares of the auto parts company’s stock after purchasing an additional 5,966 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Autoliv worth $16,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Autoliv during the fourth quarter worth about $25,000. IFP Advisors Inc raised its holdings in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 190 shares in the last quarter. Quarry LP purchased a new stake in shares of Autoliv in the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Autoliv during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 3.1%

Shares of NYSE ALV opened at $115.36 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The firm’s fifty day moving average is $121.58 and its 200 day moving average is $118.55. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.94 and a beta of 1.35.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Autoliv, Inc. will post 10.18 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were issued a $0.87 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. Autoliv’s dividend payout ratio is 40.99%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Robert W. Baird raised their price objective on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company lifted their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. TD Cowen cut their target price on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada reduced their target price on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $135.93.

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.