Texas Permanent School Fund Corp Has $9.93 Million Stock Position in Autoliv, Inc. $ALV

by · The Cerbat Gem

Texas Permanent School Fund Corp grew its holdings in Autoliv, Inc. (NYSE:ALV – Free Report) by 46.1% during the second quarter, Holdings Channel.com reports. The firm owned 88,709 shares of the auto parts company’s stock after acquiring an additional 27,997 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Autoliv were worth $9,927,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ALV. True Wealth Design LLC boosted its holdings in Autoliv by 1,892.3% during the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 246 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 worth $39,000 after buying an additional 177 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Autoliv by 975.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 527 shares of the auto parts company’s stock valued at $59,000 after acquiring an additional 478 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Autoliv in the 2nd quarter valued at about $62,000. Finally, GAMMA Investing LLC increased its position in shares of Autoliv by 52.4% in the second quarter. GAMMA Investing LLC now owns 564 shares of the auto parts company’s stock valued at $63,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ALV shares. Morgan Stanley set a $140.00 price target on Autoliv in a research report on Wednesday, November 26th. Mizuho increased their price objective on Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Evercore ISI raised their target price on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. raised shares of Autoliv from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $109.00 to $140.00 in a research report on Wednesday, November 26th. Finally, Barclays increased their price target on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.63.

Get Our Latest Research Report on ALV

Autoliv Stock Performance

Shares of NYSE ALV opened at $121.19 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.21 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.91 and a beta of 1.32. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.54. The stock has a 50 day moving average of $118.66 and a 200-day moving average of $117.76.

Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.22. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is presently 35.95%.

Autoliv Profile

(Free Report)

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.

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