Autoliv (NYSE:ALV) Shares Gap Up Following Strong Earnings

Autoliv, Inc. (NYSE:ALVGet Free Report)’s stock price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $111.33, but opened at $125.15. Autoliv shares last traded at $120.6380, with a volume of 555,312 shares changing hands.

The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.15 EPS.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 4th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, March 4th. Autoliv’s payout ratio is currently 36.40%.

Key Headlines Impacting Autoliv

Here are the key news stories impacting Autoliv this week:

Analyst Ratings Changes

A number of research analysts recently weighed in on ALV shares. Bank of America started coverage on shares of Autoliv in a report on Thursday. They issued a “buy” rating and a $140.00 price objective for the company. Evercore dropped their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Wolfe Research set a $143.00 price objective on shares of Autoliv in a report on Monday, January 12th. Robert W. Baird set a $132.00 price objective on shares of Autoliv in a report on Monday, February 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Autoliv from $125.00 to $113.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.38.

Get Our Latest Research Report on Autoliv

Insider Transactions at Autoliv

In related news, EVP Christian Swahn sold 1,478 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $180,360.34. Following the sale, the executive vice president owned 5,314 shares of the company’s stock, valued at $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the sale, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 in the last 90 days. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Several hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Autoliv in the fourth quarter valued at $25,000. IFP Advisors Inc increased its holdings in Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the last quarter. Root Financial Partners LLC purchased a new position in Autoliv in the third quarter valued at $32,000. Finally, Quarry LP purchased a new position in Autoliv in the third quarter valued at $36,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Up 7.0%

The stock has a market cap of $8.92 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.35. The firm has a fifty day moving average of $112.11 and a 200 day moving average of $117.96. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

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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