Teachers Retirement System of The State of Kentucky lessened its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 89.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,808 shares of the auto parts company's stock after selling 22,650 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Autoliv were worth $262,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Autoliv by 13.5% in the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company's stock valued at $369,000 after acquiring an additional 409 shares during the period. Raymond James & Associates increased its stake in shares of Autoliv by 4.5% in the second quarter. Raymond James & Associates now owns 43,254 shares of the auto parts company's stock worth $4,628,000 after purchasing an additional 1,879 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Autoliv in the second quarter worth $236,000. Fifth Third Wealth Advisors LLC bought a new position in Autoliv in the 2nd quarter worth about $259,000. Finally, Rothschild Investment LLC purchased a new stake in Autoliv in the 2nd quarter worth approximately $209,000. Institutional investors own 69.57% of the company's stock.
A number of research firms have recently commented on ALV. StockNews.com lowered shares of Autoliv from a "buy" rating to a "hold" rating in a research report on Monday. Bank of America dropped their price target on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They set an "outperform" rating and a $120.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, Barclays cut their price target on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.46.
Get Our Latest Analysis on Autoliv
Autoliv stock opened at $91.27 on Friday. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The business's fifty day simple moving average is $97.03 and its two-hundred day simple moving average is $100.37. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.
Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. As a group, equities analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This is a boost from Autoliv's previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.07%. Autoliv's dividend payout ratio is presently 36.46%.
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, and inflator technologies.
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