Teachers Retirement System of The State of Kentucky Reduces Position in Autoliv, Inc. (NYSE:ALV)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,708 shares of the auto parts company's stock after selling 2,700 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of Autoliv worth $5,193,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in Autoliv by 2.3% during the 4th quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company's stock valued at $552,000 after acquiring an additional 135 shares during the period. Quantinno Capital Management LP lifted its stake in Autoliv by 0.6% during the 4th quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company's stock valued at $2,213,000 after acquiring an additional 136 shares during the period. Captrust Financial Advisors lifted its stake in Autoliv by 6.8% during the 4th quarter. Captrust Financial Advisors now owns 2,433 shares of the auto parts company's stock valued at $228,000 after acquiring an additional 155 shares during the period. Fortem Financial Group LLC lifted its stake in Autoliv by 2.3% during the 1st quarter. Fortem Financial Group LLC now owns 6,909 shares of the auto parts company's stock valued at $611,000 after acquiring an additional 156 shares during the period. Finally, Greenleaf Trust lifted its stake in Autoliv by 2.8% during the 1st quarter. Greenleaf Trust now owns 6,338 shares of the auto parts company's stock valued at $561,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 69.57% of the company's stock.

Insider Activity

In related news, Director Jan Carlson sold 1,555 shares of the company's stock in a transaction dated 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 sale, the director owned 77,493 shares of the company's stock, valued at approximately $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Autoliv Price Performance

Autoliv stock opened at $113.09 on Tuesday. Autoliv, Inc. has a 52-week low of $75.49 and a 52-week high of $118.98. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.27 and a beta of 1.37. The company has a fifty day simple moving average of $108.84 and a 200-day simple moving average of $98.38. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

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

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be issued a $0.85 dividend. The ex-dividend date is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Autoliv's previous quarterly dividend of $0.70. Autoliv's dividend payout ratio is currently 37.20%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays reiterated an "overweight" rating and issued a $135.00 target price (up from $105.00) on shares of Autoliv in a research note on Wednesday, July 16th. Royal Bank Of Canada assumed coverage on shares of Autoliv in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 target price for the company. Wells Fargo & Company boosted their target price 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. Finally, UBS Group boosted their target price on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.06.

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.

Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv, Inc. (NYSE:ALV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.