Public Employees Retirement Association of Colorado Has $695,000 Position in Autoliv, Inc. (NYSE:ALV)

Public Employees Retirement Association of Colorado cut its stake in Autoliv, Inc. (NYSE:ALV) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,405 shares of the auto parts company’s stock after selling 963 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Autoliv were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its position in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after buying an additional 134 shares in the last quarter. Twin Tree Management LP acquired a new position in Autoliv in the fourth quarter worth approximately $50,000. Physician Wealth Advisors Inc. bought a new position in Autoliv during the fourth quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc lifted its stake in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after acquiring an additional 124 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autoliv

In other news, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares in the company, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the sale, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock valued at $915,534 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Autoliv Stock Up 0.1 %

ALV opened at $93.30 on Friday. The business has a 50 day moving average of $89.54 and a 200-day moving average of $94.13. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.73 and a beta of 1.47. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.58 EPS. As a group, sell-side analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 3.00%. Autoliv’s dividend payout ratio is 32.22%.

Wall Street Analyst Weigh In

ALV has been the topic of several analyst reports. Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Barclays increased their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Robert W. Baird reduced their price target on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the company from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

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.