Retirement Systems of Alabama Trims Position in Autoliv, Inc. (NYSE:ALV)

Retirement Systems of Alabama lowered its position in Autoliv, Inc. (NYSE:ALV) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,174 shares of the auto parts company’s stock after selling 575 shares during the quarter. Retirement Systems of Alabama owned about 0.23% of Autoliv worth $16,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP grew its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares during the period. Fred Alger Management LLC purchased a new position in Autoliv in the third quarter worth approximately $45,000. Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 117 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in Autoliv in the second quarter valued at $156,000. Finally, Rothschild Investment LLC acquired a new position in shares of Autoliv in the 2nd quarter valued at $209,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America cut their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company decreased their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Stock Down 0.3 %

Shares of NYSE:ALV opened at $97.53 on Monday. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The firm’s 50 day moving average price is $97.05 and its 200 day moving average price is $100.89. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. As a group, equities research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s payout ratio is 36.46%.

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.