Louisiana State Employees Retirement System Has $1.90 Million Holdings in Autoliv, Inc. (NYSE:ALV)

Louisiana State Employees Retirement System decreased its stake in shares of Autoliv, Inc. (NYSE:ALV) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,300 shares of the auto parts company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Autoliv were worth $1,895,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after purchasing an additional 100 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Autoliv by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 29,185 shares of the auto parts company’s stock worth $3,515,000 after buying an additional 7,806 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Autoliv in the 1st quarter valued at about $200,000. Capstone Investment Advisors LLC increased its position in shares of Autoliv by 97.1% in the first quarter. Capstone Investment Advisors LLC now owns 11,972 shares of the auto parts company’s stock valued at $1,442,000 after acquiring an additional 5,899 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its holdings in Autoliv by 72.9% during the first quarter. Chase Investment Counsel Corp now owns 38,743 shares of the auto parts company’s stock worth $4,665,000 after acquiring an additional 16,338 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Trading Down 1.3 %

Shares of ALV stock opened at $94.81 on Thursday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.82 and a beta of 1.60. The company’s fifty day simple moving average is $96.19 and its two-hundred day simple moving average is $106.45. Autoliv, Inc. has a 1 year low of $89.37 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts anticipate that Autoliv, Inc. will post 8.44 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.87%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio is currently 42.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ALV shares. HSBC started coverage on shares of Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective for the company. Wolfe Research initiated coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Barclays reduced their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $122.77.

About Autoliv

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.