California State Teachers Retirement System Sells 5,546 Shares of Autoliv, Inc. $ALV

California State Teachers Retirement System lowered its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,815 shares of the auto parts company's stock after selling 5,546 shares during the period. California State Teachers Retirement System owned about 0.10% of Autoliv worth $8,691,259 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP increased its holdings in Autoliv by 298.8% in the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company's stock worth $39,000 after buying an additional 245 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Autoliv during the second quarter valued at $60,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Autoliv in the second quarter valued at $62,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Autoliv in the 2nd quarter valued at $78,000. Finally, GAMMA Investing LLC lifted its position in Autoliv by 16.5% during the 2nd quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company's stock worth $115,000 after acquiring an additional 140 shares during the period. 69.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ALV shares. Weiss Ratings cut Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, July 20th. TD Cowen cut shares of Autoliv from a "buy" rating to a "hold" rating and reduced their price target for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Wells Fargo & Company increased their price target on Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 25th. Jefferies Financial Group upgraded Autoliv to a "hold" rating in a research note on Monday, June 15th. Finally, Wall Street Zen lowered Autoliv from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and a consensus target price of $135.20.

Autoliv Stock Down 0.9%

Shares of ALV traded down $1.12 during mid-day trading on Tuesday, hitting $117.38. 242,946 shares of the company's stock were exchanged, compared to its average volume of 736,434. The stock's 50-day moving average is $121.57 and its 200-day moving average is $117.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.97 and a beta of 1.36. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same period in the prior year, the business earned $2.21 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. Autoliv's dividend payout ratio is currently 40.99%.

Autoliv Company Profile

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company's roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.