State Board of Administration of Florida Retirement System lifted its position in shares of Autoliv Inc. (NYSE:ALV) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,238 shares of the auto parts company’s stock after purchasing an additional 828 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Autoliv were worth $2,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Advisors LLC bought a new position in shares of Autoliv during the second quarter worth $176,000. Engineers Gate Manager LP bought a new position in shares of Autoliv during the second quarter worth $201,000. Parametrica Management Ltd bought a new position in shares of Autoliv during the first quarter worth $223,000. Wsfs Capital Management LLC bought a new position in shares of Autoliv during the first quarter worth $229,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Autoliv during the first quarter worth $282,000. 40.40% of the stock is currently owned by institutional investors.

Shares of NYSE:ALV opened at $91.71 on Wednesday. Autoliv Inc. has a 12 month low of $75.66 and a 12 month high of $115.37. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The firm has a market cap of $7.81 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.68 and a beta of 1.28.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 27th. The auto parts company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $1.50 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts predict that Autoliv Inc. will post 7.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.48 annualized dividend and a yield of 2.70%. Autoliv’s payout ratio is currently 37.69%.

ALV has been the topic of a number of recent analyst reports. Mizuho reissued a “buy” rating and set a $160.00 price target on shares of Autoliv in a research report on Tuesday, June 26th. Wells Fargo & Co reissued a “buy” rating and set a $176.00 price target on shares of Autoliv in a research report on Sunday, June 24th. Longbow Research set a $168.00 price target on shares of Autoliv and gave the stock a “buy” rating in a research report on Friday, June 1st. Jefferies Financial Group set a $115.00 price target on shares of Autoliv and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Monday, August 20th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $121.77.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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