Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in Autoliv, Inc. (NYSE:ALV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Autoliv, Inc. (NYSE:ALV) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,001 shares of the auto parts company’s stock after selling 116 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Autoliv were worth $1,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its position in Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after acquiring an additional 376,665 shares in the last quarter. Wellington Management Group LLP grew its holdings in Autoliv by 21.2% during 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 purchasing an additional 159,067 shares in the last quarter. Jane Street Group LLC increased its stake in Autoliv by 94.2% during the 3rd quarter. Jane Street Group LLC now owns 210,989 shares of the auto parts company’s stock worth $19,700,000 after buying an additional 102,362 shares during the period. Geode Capital Management LLC increased its stake in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares during the period. Finally, Lancaster Investment Management lifted its holdings in Autoliv by 17.7% in the 4th quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock worth $53,350,000 after buying an additional 85,732 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares of the company’s stock, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction dated 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. The trade was a 17.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 in the last three months. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ALV shares. TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They set a “buy” rating and a $116.00 target price for the company. Cowen began coverage on Autoliv in a research report on Thursday, March 6th. They issued a “buy” rating on the stock. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Pareto Securities cut shares of Autoliv to a “hold” rating in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.14.

Autoliv Price Performance

Shares of NYSE ALV opened at $93.69 on Wednesday. Autoliv, Inc. has a 1-year low of $87.55 and a 1-year high of $129.38. The firm has a market capitalization of $7.28 billion, a PE ratio of 11.61, a P/E/G ratio of 0.73 and a beta of 1.59. 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 fifty day moving average price is $95.84 and its two-hundred day moving average price is $95.68.

Autoliv (NYSE:ALV) last issued 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%. On average, research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio (DPR) 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.