Autoliv, Inc. $ALV Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in Autoliv, Inc. (NYSE:ALV) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,104 shares of the auto parts company’s stock after selling 11,191 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Autoliv worth $17,690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ALV. Fulcrum Asset Management LLP acquired a new stake in shares of Autoliv in the 3rd quarter valued at $70,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Autoliv during the third quarter worth about $7,808,000. Vise Technologies Inc. bought a new stake in shares of Autoliv during the 3rd quarter valued at approximately $911,000. Signaturefd LLC grew its holdings in shares of Autoliv by 68.5% during the 3rd 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 during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Autoliv by 4.3% in 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 last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Down 2.0%

Shares of NYSE:ALV opened at $118.93 on Friday. The business’s 50 day simple moving average is $117.13 and its two-hundred day simple moving average is $118.17. The firm has a market cap of $8.56 billion, a P/E 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 quick ratio of 0.76 and a current ratio of 1.02. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17.

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

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, November 20th. This represents a $3.48 annualized dividend and a yield of 2.9%. Autoliv’s dividend payout ratio is 41.73%.

Analyst Ratings Changes

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

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.