Autoliv, Inc. (NYSE:ALV) Holdings Decreased by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in Autoliv, Inc. (NYSE:ALV) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,129 shares of the auto parts company’s stock after selling 13,176 shares during the period. California Public Employees Retirement System owned 0.16% of Autoliv worth $11,454,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ALV. Schroder Investment Management Group bought a new position in shares of Autoliv in the fourth quarter valued at approximately $3,728,000. Pictet Asset Management Holding SA boosted its stake in Autoliv by 6.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 10,482 shares of the auto parts company’s stock valued at $983,000 after purchasing an additional 660 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Autoliv during the 4th quarter valued at $5,716,000. Norges Bank bought a new stake in shares of Autoliv in the 4th quarter worth $36,761,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Autoliv in the fourth quarter valued at $246,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Hsbc Global Res cut shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Mizuho dropped their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.14.

Insider Buying and Selling at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. This trade represents a 19.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Autoliv Price Performance

Shares of ALV opened at $80.82 on Friday. The business’s 50-day moving average is $94.16 and its 200-day moving average is $95.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a fifty-two week low of $78.00 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Equities research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 3.46%. Autoliv’s payout ratio is 34.70%.

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.