Canada Pension Plan Investment Board Decreases Holdings in Autoliv, Inc. (NYSE:ALV)

Canada Pension Plan Investment Board cut its stake in shares of Autoliv, Inc. (NYSE:ALV) by 93.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the auto parts company’s stock after selling 73,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Autoliv were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Autoliv by 6.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,340 shares of the auto parts company’s stock valued at $3,175,000 after buying an additional 2,403 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Autoliv by 2.6% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,707 shares of the auto parts company’s stock valued at $400,000 after buying an additional 119 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Autoliv during the 2nd quarter valued at $619,000. New York Life Investment Management LLC bought a new stake in shares of Autoliv during the 2nd quarter valued at $364,000. Finally, Park Place Capital Corp bought a new stake in shares of Autoliv during the 2nd quarter valued at $25,000. 56.70% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Up 0.4 %

Shares of ALV stock opened at $102.80 on Tuesday. The stock has a market cap of $8.65 billion, a P/E ratio of 21.24, a PEG ratio of 0.47 and a beta of 1.73. Autoliv, Inc. has a 52 week low of $73.65 and a 52 week high of $103.99. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $95.95 and its two-hundred day simple moving average is $92.82.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 20th. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.13). The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 4.15% and a return on equity of 20.97%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. Analysts predict that Autoliv, Inc. will post 7.04 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.65%. This is a boost from Autoliv’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, November 27th. Autoliv’s dividend payout ratio is currently 56.20%.

Analysts Set New Price Targets

ALV has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Autoliv from $99.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Mizuho boosted their price objective on shares of Autoliv from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Danske downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Robert W. Baird boosted their price objective on shares of Autoliv from $102.00 to $106.00 and gave the company a “neutral” rating in a research report on Monday, July 24th. Finally, Barclays boosted their price objective on shares of Autoliv from $97.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $107.00.

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.