Insider Selling: Autoliv (NYSE:ALV) VP Sells 496 Shares of Stock

Autoliv, Inc. (NYSE:ALV) VP Mikael Hagstrom sold 496 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $60,526.88. Following the completion of the transaction, the vice president owned 1,224 shares in the company, valued at approximately $149,364.72. This trade represents a 28.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Autoliv Price Performance

Shares of NYSE:ALV traded down $2.00 on Wednesday, reaching $121.43. 235,002 shares of the company traded hands, compared to its average volume of 729,611. 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 stock has a market capitalization of $9.07 billion, a PE ratio of 12.66, a P/E/G ratio of 1.02 and a beta of 1.32. The company’s 50 day moving average is $123.82 and its 200-day moving average is $121.94. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14.

Autoliv (NYSE:ALV) last announced its 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 return on equity of 30.42% and a net margin of 6.80%.During the same quarter last year, the firm earned $3.05 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

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

Institutional Investors Weigh In On Autoliv

Institutional investors have recently made changes to their positions in the company. Torren Management LLC acquired a new position in Autoliv during the 4th quarter worth $25,000. IFP Advisors Inc increased its stake in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares during the period. True Wealth Design LLC lifted its position in shares of Autoliv by 1,892.3% during the 2nd 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 last quarter. Finally, Root Financial Partners LLC bought a new stake in Autoliv during the 3rd quarter valued at approximately $32,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of Autoliv in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Evercore reduced their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada decreased their target price on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $140.00 price target on Autoliv in a report on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average 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.