Autoliv, Inc. $ALV Position Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in Autoliv, Inc. (NYSE:ALV) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,104 shares of the auto parts company’s stock after selling 11,191 shares during the period. Retirement Systems of Alabama’s holdings in Autoliv were worth $17,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fulcrum Asset Management LLP bought a new position in Autoliv during the third quarter worth about $70,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Autoliv during the 3rd quarter valued at $7,808,000. Vise Technologies Inc. bought a new position in shares of Autoliv in the third quarter worth $911,000. Signaturefd LLC grew its position in shares of Autoliv by 68.5% in the third quarter. Signaturefd LLC now owns 1,195 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 486 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Autoliv by 4.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,127 shares of the auto parts company’s stock valued at $238,000 after purchasing an additional 88 shares during the period. 69.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wolfe Research cut Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Jefferies Financial Group reduced their target price on Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. TD Cowen cut Autoliv from a “buy” rating to a “hold” rating and lowered their price target for the company from $148.00 to $137.00 in a report on Tuesday, September 8th. Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Finally, Royal Bank Of Canada cut their price target on shares of Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.92.

Autoliv Stock Down 2.0%

NYSE ALV opened at $118.93 on Friday. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The stock has a market capitalization of $8.56 billion, a PE ratio of 14.26, a PEG ratio of 1.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.76. The business’s 50-day moving average is $117.13 and its 200 day moving average is $118.17.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.04). The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.62% and a return on equity of 28.89%. Autoliv’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $2.32 earnings per share. Sell-side analysts forecast that Autoliv, Inc. will post 10.05 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s dividend payout ratio is currently 41.73%.

About Autoliv

Autoliv, Inc. develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash. The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.