Retirement Systems of Alabama Acquires 5,980 Shares of Autoliv, Inc. (NYSE:ALV)

Retirement Systems of Alabama raised its position in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,154 shares of the auto parts company's stock after purchasing an additional 5,980 shares during the period. Retirement Systems of Alabama owned approximately 0.24% of Autoliv worth $17,459,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock valued at $92,221,000 after buying an additional 95,888 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company's stock valued at $25,800,000 after buying an additional 76,510 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock valued at $4,855,000 after buying an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC grew its stake in shares of Autoliv by 32.9% during the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock valued at $12,645,000 after buying an additional 33,490 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company's stock valued at $2,821,000 after buying an additional 8,859 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

Autoliv Stock Down 2.0 %

Shares of ALV stock traded down $1.90 during trading hours on Monday, hitting $91.51. 328,745 shares of the company's stock traded hands, compared to its average volume of 736,982. The stock's fifty day simple moving average is $96.09 and its two-hundred day simple moving average is $96.66. Autoliv, Inc. has a 12-month low of $89.51 and a 12-month high of $129.38. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.69 and a beta of 1.58. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, analysts expect that Autoliv, Inc. will post 9.7 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Mizuho cut their target price on Autoliv from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets raised Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a research note on Tuesday, January 7th. Finally, Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.23.

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.