Autoliv, Inc. (NYSE:ALV) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its stake in Autoliv, Inc. (NYSE:ALV) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,200 shares of the auto parts company’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Autoliv were worth $1,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB increased its stake in Autoliv by 8.7% in 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after buying an additional 2,179 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Autoliv by 15.5% in the third quarter. Janney Montgomery Scott LLC now owns 8,612 shares of the auto parts company’s stock valued at $804,000 after buying an additional 1,153 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Autoliv by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 48,391 shares of the auto parts company’s stock worth $4,670,000 after buying an additional 13,827 shares during the last quarter. Finally, XY Capital Ltd purchased a new stake in shares of Autoliv in the 3rd quarter worth about $1,959,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the sale, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. The trade was a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock worth $915,534 over the last three months. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALV shares. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. TD Cowen began coverage on Autoliv in a research report on Friday. They set a “buy” rating and a $116.00 price objective for the company. Pareto Securities lowered Autoliv to a “hold” rating in a research note on Monday, February 3rd. Mizuho dropped their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.14.

Autoliv Price Performance

Autoliv stock opened at $97.45 on Friday. Autoliv, Inc. has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a 50 day moving average price of $96.51 and a 200 day moving average price of $96.50. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (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%. Sell-side analysts predict 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 will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.80 annualized dividend and a yield of 2.87%. Autoliv’s dividend payout ratio is presently 34.70%.

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.