California State Teachers Retirement System Has $6.15 Million Stake in Autoliv, Inc. (NYSE:ALV)

California State Teachers Retirement System cut its stake in Autoliv, Inc. (NYSE:ALV - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,575 shares of the auto parts company's stock after selling 2,584 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Autoliv worth $6,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALV. AlphaQuest LLC increased its position in shares of Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Autoliv in the 4th quarter valued at about $50,000. Physician Wealth Advisors Inc. bought a new position in shares of Autoliv in the 4th quarter valued at about $57,000. Raiffeisen Bank International AG bought a new position in Autoliv during the 4th quarter worth approximately $155,000. Finally, Public Employees Retirement System of Ohio bought a new position in Autoliv during the 4th quarter worth approximately $165,000. 69.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALV has been the topic of a number of research reports. TD Cowen assumed coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 price target on the stock. Barclays boosted their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Cowen initiated coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company lifted their price objective on Autoliv from $82.00 to $100.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $114.00.

Autoliv Trading Up 1.4%

NYSE ALV traded up $1.46 during trading hours on Thursday, reaching $104.87. The company's stock had a trading volume of 162,992 shares, compared to its average volume of 816,226. The firm has a fifty day simple moving average of $92.83 and a 200-day simple moving average of $94.72. The stock has a market cap of $8.11 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.73 and a beta of 1.36. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $121.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter last year, the business earned $1.58 EPS. Equities analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.24%. This is an increase from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio is currently 32.22%.

Autoliv announced that its board has authorized a share repurchase plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

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.