Autoliv, Inc. (NYSE:ALV) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in Autoliv, Inc. (NYSE:ALV) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,372 shares of the auto parts company’s stock after selling 324 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Autoliv worth $7,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. KRS Capital Management LLC boosted its position in shares of Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after purchasing an additional 100 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after purchasing an additional 107 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Autoliv by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the auto parts company’s stock worth $2,553,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE ALV traded up $1.90 during trading on Thursday, reaching $108.96. 456,356 shares of the company traded hands, compared to its average volume of 608,053. The firm’s fifty day simple moving average is $117.14 and its 200 day simple moving average is $114.71. The stock has a market cap of $8.87 billion, a P/E ratio of 17.00, a PEG ratio of 0.66 and a beta of 1.61. Autoliv, Inc. has a 12-month low of $89.37 and a 12-month high of $129.38. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. As a group, research analysts anticipate that Autoliv, Inc. will post 9.74 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd were paid a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.50%. Autoliv’s dividend payout ratio is presently 42.43%.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALV shares. Barclays raised their target price on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Mizuho raised their target price on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. raised their target price on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Wolfe Research upgraded Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 target price for the company in a research note on Monday. Finally, Robert W. Baird raised their target price on Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $129.27.

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.