Autoliv (NYSE:ALV) Director Sells $999,320.00 in Stock

Autoliv, Inc. (NYSE:ALV) Director Franz-Josef Kortuem sold 8,300 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the sale, the director owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. The trade was a 59.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Autoliv Stock Performance

NYSE:ALV opened at $118.43 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.99 and a beta of 1.32. The company’s 50-day moving average is $123.80 and its two-hundred day moving average is $122.04. Autoliv, Inc. has a 1-year low of $75.49 and a 1-year high of $130.14.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same quarter in the prior year, the company posted $3.05 earnings per share. Autoliv’s revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be given a $0.87 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s payout ratio is currently 36.40%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Autoliv during the 4th quarter worth about $125,609,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Autoliv by 127,512.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after buying an additional 578,906 shares in the last quarter. LSV Asset Management increased its stake in shares of Autoliv by 54.9% during the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC increased its stake in shares of Autoliv by 151.7% during the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after buying an additional 556,651 shares during the period. Finally, Invesco Ltd. raised its holdings in Autoliv by 334.1% in the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after acquiring an additional 496,261 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ALV shares. Wall Street Zen downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. upgraded shares of Autoliv from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $109.00 to $140.00 in a research report on Wednesday, November 26th. Wells Fargo & Company reduced their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 9th. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research report on Monday, January 12th. Finally, Robert W. Baird set a $132.00 target price on shares of Autoliv in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.40.

About Autoliv

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.