Illinois Municipal Retirement Fund Takes $839,000 Position in Autoliv, Inc. $ALV

Illinois Municipal Retirement Fund bought a new position in Autoliv, Inc. (NYSE:ALV) during the third quarter, Holdings Channel reports. The firm bought 6,796 shares of the auto parts company’s stock, valued at approximately $839,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALV. True Wealth Design LLC lifted its holdings in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 246 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Autoliv during the 3rd quarter worth approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Autoliv by 103.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Autoliv by 18,550.0% in the 3rd quarter. Global Retirement Partners LLC now owns 373 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 371 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of Autoliv in the 3rd quarter valued at $53,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley set a $140.00 target price on Autoliv in a research report on Wednesday, November 26th. Wells Fargo & Company dropped their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Barclays restated an “overweight” rating and issued a $140.00 price objective on shares of Autoliv in a research report on Monday, February 2nd. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Robert W. Baird set a $132.00 price target on shares of Autoliv in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.40.

Autoliv Trading Down 1.5%

Shares of ALV stock opened at $123.31 on Friday. The stock’s fifty day moving average is $123.72 and its two-hundred day moving average is $121.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The firm has a market capitalization of $9.37 billion, a P/E ratio of 12.90, a PEG ratio of 1.05 and a beta of 1.32. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.05 earnings per share. Research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be issued a $0.87 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s dividend payout ratio is presently 36.40%.

Autoliv Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.