State Board of Administration of Florida Retirement System grew its position in Autoliv Inc. (NYSE:ALV) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,063 shares of the auto parts company’s stock after acquiring an additional 3,825 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Autoliv were worth $1,652,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ALV. Engineers Gate Manager LP acquired a new stake in shares of Autoliv in the second quarter valued at approximately $201,000. GSA Capital Partners LLP acquired a new stake in shares of Autoliv in the second quarter valued at approximately $204,000. First Republic Investment Management Inc. acquired a new stake in shares of Autoliv in the second quarter valued at approximately $229,000. Verition Fund Management LLC acquired a new stake in shares of Autoliv in the second quarter valued at approximately $233,000. Finally, ARP Americas LP acquired a new stake in shares of Autoliv in the third quarter valued at approximately $329,000. Institutional investors own 30.08% of the company’s stock.

A number of analysts have commented on ALV shares. Zacks Investment Research lowered shares of Autoliv from a “hold” rating to a “sell” rating in a report on Monday, September 10th. Wells Fargo & Co lowered their target price on shares of Autoliv from $113.00 to $91.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Evercore ISI lowered shares of Autoliv to a “hold” rating and set a $90.00 target price for the company. in a report on Friday, October 12th. Robert W. Baird lowered shares of Autoliv from an “outperform” rating to a “neutral” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group set a $100.00 target price on shares of Autoliv and gave the stock a “buy” rating in a report on Friday, October 5th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Autoliv has an average rating of “Hold” and a consensus target price of $112.00.

In related news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the sale, the director now directly owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

ALV opened at $85.18 on Tuesday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.71 and a beta of 1.17. Autoliv Inc. has a 12 month low of $75.99 and a 12 month high of $115.37. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.82.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 26th. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.23). The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.08 billion. Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. As a group, equities analysts forecast that Autoliv Inc. will post 7.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Friday, February 22nd will be given a $0.62 dividend. The ex-dividend date is Thursday, February 21st. This represents a $2.48 annualized dividend and a yield of 2.91%. Autoliv’s dividend payout ratio is currently 37.69%.

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Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

See Also: Bull Market

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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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