Key Points
- Insider Magnus Jarlegren sold 1,598 shares on Feb. 25 at an average price of $121.61 for about $194,333, trimming his position by 17.11% to 7,739 shares.
- Autoliv beat quarterly estimates with $3.19 EPS (vs. $2.85) and 7.7% revenue growth, recently declared a $0.87 quarterly dividend (2.9% yield), and holds a consensus analyst rating of Moderate Buy with a $134.40 price target.
Autoliv, Inc. (NYSE:ALV - Get Free Report) insider Magnus Jarlegren sold 1,598 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the sale, the insider directly owned 7,739 shares of the company's stock, valued at $941,139.79. The trade was a 17.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Autoliv Stock Performance
Shares of NYSE:ALV opened at $120.01 on Friday. The business's 50-day simple moving average is $123.86 and its 200 day simple moving average is $121.92. The company has a market cap of $8.97 billion, a P/E ratio of 12.55, a PEG ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14.
Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.05 earnings per share. On average, sell-side analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.
Autoliv Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv's dividend payout ratio (DPR) is presently 36.40%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Autoliv in a research report on Monday, December 29th. Barclays restated an "overweight" rating and issued a $140.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Morgan Stanley set a $140.00 price objective on shares of Autoliv in a research note on Wednesday, November 26th. JPMorgan Chase & Co. raised shares of Autoliv from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $109.00 to $140.00 in a research report on Wednesday, November 26th. Finally, Wall Street Zen lowered shares of Autoliv from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 31st. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Autoliv presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.40.
Check Out Our Latest Analysis on Autoliv
Hedge Funds Weigh In On Autoliv
Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in Autoliv during the first quarter valued at $412,000. NewEdge Advisors LLC lifted its position in shares of Autoliv by 11.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock worth $287,000 after buying an additional 326 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Autoliv by 3,361.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock valued at $937,000 after buying an additional 10,285 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock valued at $16,935,000 after buying an additional 89,918 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Autoliv by 6.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,558 shares of the auto parts company's stock worth $622,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.
About Autoliv
(
Get Free Report)
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.
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