Public Sector Pension Investment Board Has $37.54 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Public Sector Pension Investment Board lessened its position in shares of Autoliv, Inc. (NYSE:ALV) by 58.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 402,004 shares of the auto parts company’s stock after selling 569,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in Autoliv were worth $37,535,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP raised its position in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the period. Wahed Invest LLC boosted its position in shares of Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 174 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in Autoliv during the second quarter worth approximately $156,000. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALV shares. Robert W. Baird lifted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America cut their price objective 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. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $122.77.

Autoliv Stock Performance

Shares of ALV opened at $98.61 on Thursday. The stock has a 50 day moving average of $95.81 and a 200 day moving average of $103.37. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.91 and a beta of 1.59. Autoliv, Inc. has a 12 month low of $89.51 and a 12 month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). The business 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 earnings per share. As a group, sell-side analysts forecast that Autoliv, Inc. will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 2.84%. Autoliv’s payout ratio is currently 35.42%.

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.