Autoliv, Inc. (NYSE:ALV) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board reduced its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,997 shares of the auto parts company's stock after selling 28,975 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Autoliv were worth $1,587,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company's stock worth $28,000 after buying an additional 101 shares during the period. Quarry LP lifted its position in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after acquiring an additional 207 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Autoliv in the second quarter valued at about $156,000. Finally, Wahed Invest LLC raised its stake in shares of Autoliv by 13.6% in the first quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company's stock worth $175,000 after purchasing an additional 174 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Price Performance

Shares of Autoliv stock traded down $0.20 during trading hours on Thursday, reaching $96.32. 348,267 shares of the company's stock were exchanged, compared to its average volume of 701,777. The business has a fifty day moving average of $95.50 and a two-hundred day moving average of $104.21. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $7.59 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.86 and a beta of 1.59. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.66 earnings per share. As a group, research analysts predict that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.91%. Autoliv's dividend payout ratio (DPR) is 35.42%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wolfe Research began coverage on Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price target for the company. Finally, Barclays dropped their price objective on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.77.

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.