California Public Employees Retirement System Cuts Position in Autoliv, Inc. (NYSE:ALV)

California Public Employees Retirement System decreased its position in Autoliv, Inc. (NYSE:ALV) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,481 shares of the auto parts company’s stock after selling 7,653 shares during the quarter. California Public Employees Retirement System owned 0.20% of Autoliv worth $14,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Autoliv by 2.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,707 shares of the auto parts company’s stock valued at $400,000 after purchasing an additional 119 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Autoliv in the second quarter worth $619,000. New York Life Investment Management LLC acquired a new position in shares of Autoliv in the second quarter worth $364,000. Park Place Capital Corp acquired a new position in shares of Autoliv in the second quarter worth $25,000. Finally, Headlands Technologies LLC acquired a new position in shares of Autoliv in the second quarter worth $185,000. Hedge funds and other institutional investors own 56.70% of the company’s stock.

Autoliv Price Performance

Shares of ALV opened at $102.80 on Tuesday. Autoliv, Inc. has a 1-year low of $73.65 and a 1-year high of $103.99. The stock has a market cap of $8.65 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 0.47 and a beta of 1.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a fifty day moving average price of $95.95 and a 200 day moving average price of $92.82.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 20th. The auto parts company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.13). Autoliv had a net margin of 4.15% and a return on equity of 20.97%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the firm earned $1.23 earnings per share. Autoliv’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 7.04 EPS for the current year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 28th will be given a $0.68 dividend. The ex-dividend date is Monday, November 27th. This is a boost from Autoliv’s previous quarterly dividend of $0.66. This represents a $2.72 dividend on an annualized basis and a yield of 2.65%. Autoliv’s payout ratio is 56.20%.

Analysts Set New Price Targets

Several equities analysts have commented on ALV shares. The Goldman Sachs Group boosted their price target on shares of Autoliv from $126.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird boosted their price target on shares of Autoliv from $102.00 to $106.00 and gave the stock a “neutral” rating in a research note on Monday, July 24th. Mizuho boosted their price target on shares of Autoliv from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. StockNews.com assumed coverage on shares of Autoliv in a research note on Thursday, October 5th. They set a “buy” rating for the company. Finally, Citigroup lowered their target price on shares of Autoliv from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $107.00.

Autoliv Profile

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.