Louisiana State Employees Retirement System Acquires New Holdings in Autoliv, Inc. (NYSE:ALV)

Louisiana State Employees Retirement System bought a new stake in Autoliv, Inc. (NYSE:ALV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the auto parts company’s stock, valued at approximately $2,314,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALV. New York Life Investment Management LLC boosted its stake in Autoliv by 90.3% during the 3rd quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock valued at $786,000 after purchasing an additional 3,867 shares in the last quarter. Versor Investments LP boosted its stake in Autoliv by 43.5% during the third quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock valued at $796,000 after buying an additional 2,501 shares in the last quarter. CI Investments Inc. grew its holdings in Autoliv by 2.8% during the third quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock worth $22,307,000 after acquiring an additional 6,394 shares during the period. Vanguard Group Inc. raised its position in Autoliv by 6.7% in the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after acquiring an additional 133,746 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Autoliv by 158.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,525 shares of the auto parts company’s stock valued at $630,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ALV. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 12th. Barclays lifted their target price on Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Mizuho lifted their price target on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.18.

Autoliv Stock Down 0.2 %

Autoliv stock opened at $115.63 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. Autoliv, Inc. has a 1-year low of $79.66 and a 1-year high of $124.38. The firm’s fifty day simple moving average is $116.62 and its 200-day simple moving average is $106.85. The company has a market capitalization of $9.42 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.74 and a beta of 1.72.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. Sell-side analysts forecast that Autoliv, Inc. will post 9.7 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.72 annualized dividend and a yield of 2.35%. Autoliv’s dividend payout ratio (DPR) is currently 47.30%.

Insider Buying and Selling

In related news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the transaction, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,388 shares of company stock worth $921,757. 0.24% of the stock is currently owned by insiders.

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.