Teacher Retirement System of Texas Reduces Stock Position in Autoliv, Inc. (NYSE:ALV)

Teacher Retirement System of Texas trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV - Free Report) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,483 shares of the auto parts company's stock after selling 17,964 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Autoliv worth $7,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALV. UMB Bank n.a. increased its holdings in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC boosted its holdings in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter valued at approximately $45,000. Twin Tree Management LP bought a new position in Autoliv during the 4th quarter worth approximately $50,000. Finally, CIBC Asset Management Inc raised its stake in Autoliv by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company's stock worth $235,000 after buying an additional 124 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Performance

Shares of ALV traded down $3.43 on Thursday, reaching $91.45. 1,253,347 shares of the company's stock traded hands, compared to its average volume of 757,341. The stock has a market cap of $7.11 billion, a PE ratio of 11.33, a PEG ratio of 0.73 and a beta of 1.59. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock's 50 day simple moving average is $95.80 and its two-hundred day simple moving average is $95.67. Autoliv, Inc. has a 52-week low of $87.55 and a 52-week high of $129.38.

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Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate 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 forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. Autoliv's payout ratio is 34.70%.

Insider Transactions at Autoliv

In related news, CEO Mikael Bratt sold 5,760 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares of the company's stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Per Jonas Jademyr sold 401 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the completion of the transaction, the executive vice president now owns 685 shares in the company, valued at approximately $67,712.25. The trade was a 36.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALV. StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cowen assumed coverage on shares of Autoliv in a research note on Thursday, March 6th. They issued a "buy" rating for the company. TD Cowen began coverage on shares of Autoliv in a report on Friday, March 7th. They issued a "buy" rating and a $116.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $117.14.

Autoliv Company 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.