Key Points
- Autoliv Director Franz-Josef Kortuem sold 8,300 shares on Feb 26 at an average price of $120.40 for a total of $999,320, reducing his holding by 59.93% to 5,549 shares (~$668,100), per the SEC filing.
- Quarterly results beat: Autoliv reported EPS of $3.19 on Jan 30 vs. a $2.85 consensus and revenue rose 7.7% year-over-year, with analysts forecasting about $9.51 EPS for the year.
- The company declared a quarterly dividend of $0.87 per share (annualized $3.48), a 2.9% yield, with record date Mar 4 and payment on Mar 19.
Autoliv, Inc. (NYSE:ALV - Get Free Report) Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the completion of the sale, the director owned 5,549 shares of the company's stock, valued at approximately $668,099.60. This represents a 59.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Autoliv Price Performance
NYSE:ALV opened at $118.43 on Friday. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.01 and a beta of 1.32. The stock's 50 day moving average price is $123.80 and its two-hundred day moving average price is $121.97. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.
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, beating the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.05 EPS. On average, analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.
Autoliv Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Autoliv's dividend payout ratio is 36.40%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Torren Management LLC acquired a new stake in Autoliv during the 4th quarter worth approximately $25,000. IFP Advisors Inc increased its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 107 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 190 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of 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 period. Finally, Root Financial Partners LLC bought a new stake in shares of Autoliv in the third quarter worth $32,000. Institutional investors and hedge funds own 69.57% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on ALV shares. Wells Fargo & Company reduced their target price on Autoliv from $129.00 to $125.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 9th. Robert W. Baird set a $132.00 price objective on Autoliv in a research note on Monday, February 2nd. JPMorgan Chase & Co. upgraded Autoliv from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $109.00 to $140.00 in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Autoliv from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 31st. Finally, Barclays reaffirmed an "overweight" rating and set a $140.00 price target on shares of Autoliv in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $134.40.
Read Our Latest Research Report on ALV
Autoliv Company Profile
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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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