California Public Employees Retirement System Buys 5,966 Shares of Autoliv, Inc. $ALV

California Public Employees Retirement System boosted its stake in Autoliv, Inc. (NYSE:ALV) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,495 shares of the auto parts company’s stock after purchasing an additional 5,966 shares during the period. California Public Employees Retirement System’s holdings in Autoliv were worth $16,772,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Autoliv in the fourth quarter worth $125,609,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autoliv by 127,512.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after acquiring an additional 578,906 shares during the period. AQR Capital Management LLC lifted its holdings in Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after acquiring an additional 556,651 shares during the period. Freestone Grove Partners LP bought a new position in Autoliv in the fourth quarter valued at about $44,689,000. Finally, Swedbank AB boosted its position in Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after purchasing an additional 375,454 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Autoliv Price Performance

Shares of Autoliv stock opened at $115.36 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The firm has a market cap of $8.45 billion, a PE ratio of 13.59, a PEG ratio of 0.94 and a beta of 1.35. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17. The stock has a 50 day moving average of $121.58 and a 200 day moving average of $118.55.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.21 EPS. On average, research analysts expect that Autoliv, Inc. will post 10.18 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 annualized dividend and a yield of 3.0%. Autoliv’s dividend payout ratio is 40.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on ALV shares. Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. TD Cowen decreased their price target on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. UBS Group boosted their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.