Teacher Retirement System of Texas Has $10.86 Million Stake in Autoliv, Inc. (NYSE:ALV)

Teacher Retirement System of Texas boosted its holdings in Autoliv, Inc. (NYSE:ALV - Free Report) by 56.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 122,759 shares of the auto parts company's stock after buying an additional 44,276 shares during the period. Teacher Retirement System of Texas owned 0.16% of Autoliv worth $10,858,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AlphaQuest LLC grew its position in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Autoliv during the first quarter valued at about $44,000. Twin Tree Management LP purchased a new position in shares of Autoliv during the fourth quarter valued at about $50,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Autoliv during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 69.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ALV. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Friday, May 9th. Royal Bank Of Canada began coverage on shares of Autoliv in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 price objective for the company. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group lifted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Autoliv has an average rating of "Moderate Buy" and an average target price of $117.06.

Autoliv Stock Performance

Shares of ALV stock traded down $0.79 during trading on Tuesday, reaching $115.53. The company had a trading volume of 407,841 shares, compared to its average volume of 811,476. The firm's 50 day simple moving average is $104.86 and its two-hundred day simple moving average is $96.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.73. Autoliv, Inc. has a one year low of $75.49 and a one year high of $118.34. The company has a market capitalization of $8.93 billion, a PE ratio of 13.29, a PEG ratio of 1.98 and a beta of 1.37.

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 for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $1.58 EPS. Sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a $0.85 dividend. This is an increase from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, September 5th. Autoliv's payout ratio is currently 32.22%.

Autoliv announced that its board has initiated a share repurchase plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 31.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director directly owned 77,493 shares of the company's stock, valued at $8,394,041.76. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.