Teachers Retirement System of The State of Kentucky Trims Position in Autoliv, Inc. (NYSE:ALV)

Teachers Retirement System of The State of Kentucky cut its position in Autoliv, Inc. (NYSE:ALV - Free Report) by 89.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,808 shares of the auto parts company's stock after selling 22,650 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Autoliv were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ALV. Quantbot Technologies LP lifted its stake in Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company's stock worth $4,855,000 after purchasing an additional 48,612 shares during the last quarter. Geode Capital Management LLC raised its holdings in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock worth $92,221,000 after purchasing an additional 95,888 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Autoliv by 32.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company's stock worth $12,645,000 after buying an additional 33,490 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Autoliv by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company's stock valued at $29,186,000 after buying an additional 71,931 shares in the last quarter. Finally, Beddow Capital Management Inc. grew its position in shares of Autoliv by 14.4% in the 3rd quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company's stock valued at $7,553,000 after buying an additional 10,198 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALV. Wells Fargo & Company reduced their price target on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a research report on Monday. StockNews.com downgraded Autoliv from a "buy" rating to a "hold" rating in a report on Monday. Barclays dropped their price target on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Robert W. Baird lifted their price target on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.46.

Autoliv Stock Performance

Autoliv stock traded up $0.63 during trading hours on Friday, reaching $91.90. 1,587,943 shares of the stock were exchanged, compared to its average volume of 706,092. Autoliv, Inc. has a 52-week low of $89.51 and a 52-week high of $129.38. The stock has a market cap of $7.24 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The firm's 50 day moving average is $96.91 and its 200 day moving average is $100.06.

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

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This is a positive change from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv's dividend payout ratio is presently 36.46%.

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.