State of Alaska Department of Revenue Buys 575 Shares of Autoliv, Inc. (NYSE:ALV)

State of Alaska Department of Revenue raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,561 shares of the auto parts company’s stock after acquiring an additional 575 shares during the period. State of Alaska Department of Revenue’s holdings in Autoliv were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ALV. Swedbank AB lifted 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 worth $239,707,000 after acquiring an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after purchasing an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after purchasing an additional 207,521 shares during the period. Caxton Associates LP boosted its stake in shares of Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock valued at $82,690,000 after purchasing an additional 377,233 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after purchasing an additional 281,956 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

ALV stock opened at $94.96 on Thursday. Autoliv, Inc. has a one year low of $89.51 and a one year high of $129.38. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.85 and a beta of 1.59. 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 50-day simple moving average of $95.45 and a two-hundred day simple moving average of $105.66.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $1.66 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Autoliv, Inc. will post 8.22 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.86%. Autoliv’s dividend payout ratio (DPR) is 35.42%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Evercore ISI lowered their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Barclays reduced their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Bank of America lowered their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Seven equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.77.

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.