Autoliv, Inc. (NYSE:ALV) Shares Bought by Teacher Retirement System of Texas

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.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC boosted its holdings in shares of Autoliv by 9.9% during the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after purchasing an additional 641,895 shares during the last quarter. FIL Ltd lifted its holdings in shares of Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after acquiring an additional 351,876 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Autoliv by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company's stock valued at $152,275,000 after acquiring an additional 134,347 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock valued at $133,259,000 after acquiring an additional 59,592 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Autoliv by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company's stock valued at $96,035,000 after acquiring an additional 113,500 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total value of $168,437.60. Following the completion of the transaction, the director owned 77,493 shares of the company's stock, valued at $8,394,041.76. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company's stock.

Autoliv Trading Down 0.5%

Shares of Autoliv stock traded down $0.60 during mid-day trading on Friday, hitting $117.74. The stock had a trading volume of 732,431 shares, compared to its average volume of 812,219. The firm has a 50-day moving average of $104.38 and a two-hundred day moving average of $96.72. 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. The firm has a market cap of $9.10 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37.

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

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

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a dividend of $0.85 per share. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio (DPR) is presently 32.22%.

Analysts Set New Price Targets

ALV has been the subject of a number of analyst reports. Barclays increased their price target on shares of Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group raised their price objective on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Jefferies Financial Group initiated coverage on shares of Autoliv in a research note on Wednesday. They issued a "buy" rating and a $140.00 price objective for the company. Mizuho raised their price objective on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.06.

About Autoliv

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.