California Public Employees Retirement System Sells 12,887 Shares of Autoliv, Inc. (NYSE:ALV)

California Public Employees Retirement System lowered its position in Autoliv, Inc. (NYSE:ALV) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,812 shares of the auto parts company’s stock after selling 12,887 shares during the quarter. California Public Employees Retirement System owned 0.20% of Autoliv worth $18,161,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ALV. Commonwealth Equity Services LLC bought a new position in Autoliv in the third quarter worth $254,000. Raymond James & Associates lifted its holdings in shares of Autoliv by 143.7% during the 3rd quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock worth $2,780,000 after acquiring an additional 16,990 shares during the period. New York State Teachers Retirement System boosted its position in shares of Autoliv by 54.9% during the 3rd quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock valued at $2,905,000 after acquiring an additional 10,676 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Autoliv by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock valued at $42,389,000 after acquiring an additional 16,964 shares during the period. Finally, Fifth Third Bancorp raised its position in Autoliv by 269.5% in the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 636 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Analysts Set New Price Targets

ALV has been the topic of several analyst reports. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 12th. Barclays increased their price objective on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Bank of America upped their target price on shares of Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday. Finally, Robert W. Baird boosted their price target on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.90.

Insider Buying and Selling

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Autoliv news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin Naughton sold 782 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock worth $921,757 over the last three months. 0.24% of the stock is currently owned by company insiders.

Autoliv Price Performance

ALV opened at $121.24 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The stock has a market capitalization of $9.88 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72. The company’s 50 day simple moving average is $117.94 and its 200-day simple moving average is $108.27. Autoliv, Inc. has a one year low of $79.66 and a one year high of $125.91.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. Sell-side analysts anticipate that Autoliv, Inc. will post 9.67 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, March 11th. Autoliv’s dividend payout ratio is 42.43%.

About Autoliv

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.