California Public Employees Retirement System cut its position in shares of Autoliv, Inc. (NYSE:ALV – Get Rating) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 193,734 shares of the auto parts company’s stock after selling 5,112 shares during the period. California Public Employees Retirement System’s holdings in Autoliv were worth $20,034,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. FIL Ltd raised its position in Autoliv by 70.6% during the 3rd quarter. FIL Ltd now owns 1,587,160 shares of the auto parts company’s stock valued at $136,051,000 after purchasing an additional 656,722 shares in the last quarter. Two Sigma Advisers LP raised its position in Autoliv by 6,057.4% during the 3rd quarter. Two Sigma Advisers LP now owns 418,700 shares of the auto parts company’s stock valued at $35,891,000 after purchasing an additional 411,900 shares in the last quarter. Neuberger Berman Group LLC raised its position in Autoliv by 71.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 967,306 shares of the auto parts company’s stock valued at $82,956,000 after purchasing an additional 403,613 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Autoliv in the 3rd quarter worth $25,810,000. Finally, Alliancebernstein L.P. raised its position in shares of Autoliv by 5,591.6% in the 3rd quarter. Alliancebernstein L.P. now owns 150,656 shares of the auto parts company’s stock worth $12,914,000 after acquiring an additional 148,009 shares in the last quarter. 62.02% of the stock is owned by institutional investors and hedge funds.
In other news, insider Fredrik Westin sold 1,060 shares of the company’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $75.38, for a total value of $79,902.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mikael Bratt sold 935 shares of the company’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.
Autoliv (NYSE:ALV – Get Rating) last posted its quarterly earnings results on Friday, April 22nd. The auto parts company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($1.00). The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a net margin of 4.46% and a return on equity of 12.30%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 EPS. As a group, analysts predict that Autoliv, Inc. will post 4.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 13th. Shareholders of record on Tuesday, May 24th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.56 annualized dividend and a yield of 3.44%. Autoliv’s payout ratio is presently 62.14%.
Several research analysts have recently commented on ALV shares. Mizuho reduced their price target on Autoliv from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. StockNews.com started coverage on Autoliv in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird reduced their price target on Autoliv from $88.00 to $77.00 in a research report on Monday, April 25th. Credit Suisse Group started coverage on Autoliv in a research report on Thursday, February 17th. They issued a “neutral” rating and a $105.00 price target for the company. Finally, Barclays reduced their price target on Autoliv from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Autoliv has a consensus rating of “Hold” and a consensus target price of $94.41.
Autoliv Profile (Get Rating)
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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.
- Get a free copy of the StockNews.com research report on Autoliv (ALV)
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