Autoliv, Inc. (NYSE:ALV) Shares Sold by PGGM Investments

PGGM Investments lessened its position in Autoliv, Inc. (NYSE:ALV) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,745 shares of the auto parts company’s stock after selling 1,256 shares during the period. PGGM Investments’ holdings in Autoliv were worth $3,582,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ALV. Raymond James & Associates grew its holdings in Autoliv by 17.0% in the fourth quarter. Raymond James & Associates now owns 33,705 shares of the auto parts company’s stock valued at $3,714,000 after purchasing an additional 4,891 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Autoliv by 108.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,456 shares of the auto parts company’s stock valued at $601,000 after purchasing an additional 2,835 shares during the period. Fifth Third Bancorp grew its holdings in Autoliv by 279.7% in the fourth quarter. Fifth Third Bancorp now owns 3,311 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 2,439 shares during the period. XY Capital Ltd purchased a new stake in Autoliv in the fourth quarter valued at approximately $459,000. Finally, New York State Teachers Retirement System grew its holdings in Autoliv by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 30,418 shares of the auto parts company’s stock valued at $3,352,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALV. Hsbc Global Res upgraded shares of Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Citigroup cut their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Bank of America cut their price target on shares of Autoliv from $145.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Wolfe Research raised shares of Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 target price on the stock in a report on Monday, July 8th. Finally, Robert W. Baird dropped their price objective on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.46.

Autoliv Trading Down 3.1 %

ALV stock traded down $3.07 during mid-day trading on Friday, reaching $96.69. 672,857 shares of the stock traded hands, compared to its average volume of 964,535. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 52-week low of $89.37 and a 52-week high of $129.38. The company has a market cap of $7.74 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.80 and a beta of 1.61. The stock’s fifty day moving average is $109.94 and its 200-day moving average is $114.14.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.28 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by 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.