Retirement Systems of Alabama Acquires 5,980 Shares of Autoliv, Inc. (NYSE:ALV)

Retirement Systems of Alabama boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 186,154 shares of the auto parts company’s stock after acquiring an additional 5,980 shares during the period. Retirement Systems of Alabama’s holdings in Autoliv were worth $17,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after purchasing an additional 376,665 shares in the last quarter. Swedbank AB lifted its holdings in Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares in the last quarter. Geode Capital Management LLC boosted its position in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after buying an additional 159,067 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Autoliv by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock worth $45,530,000 after acquiring an additional 4,060 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ALV has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Mizuho reduced their target price on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays dropped their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Hsbc Global Res cut shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.23.

Autoliv Trading Down 0.7 %

NYSE:ALV opened at $93.83 on Friday. 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 business’s 50-day simple moving average is $96.20 and its 200-day simple moving average is $96.71. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The stock has a market capitalization of $7.29 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV) last released its quarterly earnings results 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%. Sell-side analysts expect that Autoliv, Inc. will post 10.05 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is 34.70%.

Autoliv Company 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.