Autoliv (NYSE:ALV) Hits New 12-Month High at $125.91

Autoliv, Inc. (NYSE:ALV)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $125.91 and last traded at $123.36, with a volume of 548141 shares changing hands. The stock had previously closed at $115.85.

Analysts Set New Price Targets

ALV has been the topic of a number of recent analyst reports. Mizuho increased their price objective on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Barclays increased their target price on shares of Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Berenberg Bank raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, January 12th. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Finally, Wells Fargo & Company increased their target price on shares of Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Autoliv currently has an average rating of “Hold” and a consensus price target of $118.60.

Autoliv Stock Performance

The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.77 and a beta of 1.72. The stock’s 50 day moving average is $117.74 and its two-hundred day moving average is $107.94. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.37. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. Autoliv’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. Analysts anticipate that Autoliv, Inc. will post 9.67 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio is currently 47.30%.

Insider Buying and Selling

In related news, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the sale, the executive vice president now owns 4,859 shares in the company, valued at approximately $534,490. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Mikael Hagstrom sold 327 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the sale, the executive vice president now owns 4,859 shares of the company’s stock, valued at approximately $534,490. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock worth $921,757 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Autoliv

Several hedge funds have recently made changes to their positions in ALV. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Autoliv in the 4th quarter worth $27,000. Rise Advisors LLC lifted its stake in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 122 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Autoliv in the first quarter valued at about $36,000. Parallel Advisors LLC lifted its stake in shares of Autoliv by 83.8% in the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 223 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in shares of Autoliv by 15,425.0% in the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 617 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Company Profile

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.