Autoliv, Inc. (NYSE:ALV - Get Free Report) Director Jan Carlson sold 19,607 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares of the company's stock, valued at approximately $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Autoliv Stock Down 2.2%
Shares of ALV stock opened at $125.76 on Tuesday. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The business's fifty day moving average is $119.45 and its 200-day moving average is $118.69. The stock has a market cap of $9.41 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.33.
Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. Equities analysts expect that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.
Autoliv Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv's dividend payout ratio is presently 37.42%.
Wall Street Analyst Weigh In
ALV has been the topic of several recent research reports. Bank of America initiated coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a "buy" rating and a $140.00 price objective on the stock. Weiss Ratings lowered shares of Autoliv from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 6th. Jefferies Financial Group cut shares of Autoliv from a "buy" rating to a "hold" rating and reduced their target price for the stock from $150.00 to $120.00 in a report on Tuesday, April 14th. Wall Street Zen lowered shares of Autoliv from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Finally, Robert W. Baird upped their price target on Autoliv from $119.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.87.
Check Out Our Latest Stock Report on Autoliv
Institutional Trading of Autoliv
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in Autoliv during the first quarter valued at about $412,000. NewEdge Advisors LLC increased its position in shares of Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock worth $287,000 after acquiring an additional 326 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Autoliv by 3,361.1% during the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock valued at $937,000 after acquiring an additional 10,285 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Autoliv by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock valued at $16,935,000 after acquiring an additional 89,918 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Autoliv by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company's stock valued at $615,000 after acquiring an additional 268 shares in the last quarter. 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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