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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Autoliv during the 1st quarter worth approximately $5,268,000. Asset Management One Co. Ltd. lifted its holdings in shares of Autoliv by 7.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock worth $6,686,000 after acquiring an additional 5,137 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Autoliv during the 1st quarter worth approximately $44,000. SG Americas Securities LLC bought a new stake in shares of Autoliv during the 1st quarter worth approximately $637,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after acquiring an additional 204 shares during the period. Institutional investors own 69.57% of the company's stock.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 1,555 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the completion of the sale, the director directly owned 77,493 shares in the company, valued at $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Autoliv Trading Up 1.4%

Shares of ALV stock traded up $1.62 during trading hours on Wednesday, hitting $117.24. 751,252 shares of the company's stock traded hands, compared to its average volume of 811,486. The stock's 50 day simple moving average is $105.79 and its 200 day simple moving average is $97.20. The stock has a market cap of $9.06 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $118.34. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 6.63% and a return on equity of 30.47%. During the same quarter last year, the firm earned $1.58 earnings per share. On average, sell-side analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv announced that its board has authorized a stock buyback program on Wednesday, June 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a dividend yield of 2.90%. Autoliv's dividend payout ratio is 32.22%.

Analysts Set New Price Targets

ALV has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada started 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. Wells Fargo & Company increased their price objective on shares of Autoliv from $100.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Barclays increased their price objective on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Robert W. Baird dropped their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and an average price target of $117.06.

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.