Teachers Retirement System of The State of Kentucky Sells 22,650 Shares of Autoliv, Inc. (NYSE:ALV)

Teachers Retirement System of The State of Kentucky decreased its holdings in Autoliv, Inc. (NYSE:ALV) by 89.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,808 shares of the auto parts company’s stock after selling 22,650 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Autoliv were worth $262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Autoliv by 6.1% in the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after acquiring an additional 376,665 shares during the period. Swedbank AB grew its stake in shares of Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Autoliv by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after purchasing an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of Autoliv by 21.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $91.27 on Friday. 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 has a market cap of $7.19 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.90 and a beta of 1.59. The firm has a fifty day moving average price of $97.03 and a 200 day moving average price of $100.37. Autoliv, Inc. has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data 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 firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 EPS. As a group, sell-side analysts expect that Autoliv, Inc. will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. Autoliv’s payout ratio is presently 36.46%.

Analyst Ratings Changes

ALV has been the topic of several recent research reports. Bank of America decreased their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a report on Monday. Wolfe Research began coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target for the company. Robert W. Baird raised their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, 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. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.46.

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.