California Public Employees Retirement System Has $11.45 Million Position in Autoliv, Inc. (NYSE:ALV)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares during the period. AlphaQuest LLC boosted its holdings in Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 134 shares during the period. Twin Tree Management LP bought a new stake in Autoliv during the fourth quarter valued at about $50,000. CIBC Asset Management Inc grew its position in shares of Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Autoliv in the fourth quarter worth about $246,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Pareto Securities downgraded Autoliv to a “hold” rating in a research note on Monday, February 3rd. Mizuho lowered their price objective on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, January 7th. TD Cowen assumed coverage on shares of Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Cowen began coverage on shares of Autoliv in a report on Thursday, March 6th. They set a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $117.14.

Autoliv Trading Down 4.7 %

Shares of ALV opened at $80.82 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.26 billion, a PE ratio of 10.02, a PEG ratio of 0.73 and a beta of 1.59. Autoliv, Inc. has a 1 year low of $78.00 and a 1 year high of $129.38. The stock has a 50 day simple moving average of $94.16 and a 200-day simple moving average of $95.30.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, sell-side analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

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

Insider Buying and Selling at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

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.