Autoliv, Inc. (NYSE:ALV) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in Autoliv, Inc. (NYSE:ALV) by 83.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,900 shares of the auto parts company’s stock after buying an additional 20,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Autoliv were worth $4,697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ALV. Swedbank AB bought a new position in Autoliv in the first quarter worth about $235,996,000. Balyasny Asset Management L.P. raised its position in shares of Autoliv by 169.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after purchasing an additional 477,800 shares during the period. Caxton Associates LP lifted its holdings in shares of Autoliv by 121.9% in the 1st quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after purchasing an additional 377,233 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Autoliv by 41.0% during the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after purchasing an additional 278,800 shares during the period. Finally, Mondrian Investment Partners LTD grew its stake in Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after buying an additional 207,521 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

ALV has been the topic of a number of recent research reports. Robert W. Baird cut their target price on Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Bank of America reduced their target price on shares of Autoliv from $145.00 to $133.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays decreased their target price on shares of Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.71.

Autoliv Price Performance

Shares of NYSE ALV opened at $89.98 on Thursday. Autoliv, Inc. has a twelve month low of $89.37 and a twelve month high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $97.93 and a two-hundred day moving average of $110.79. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.68 and a beta of 1.60.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.93 earnings per share. As a group, analysts expect that Autoliv, Inc. will post 8.61 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s payout ratio is 42.43%.

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.