Insider Selling: Autoliv (NYSE:ALV) Director Sells 19,607 Shares of Stock

Autoliv, Inc. (NYSE:ALV) Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the sale, the director owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Autoliv Stock Performance

NYSE ALV traded down $1.01 during midday trading on Monday, hitting $127.52. The company had a trading volume of 217,352 shares, compared to its average volume of 776,521. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.86 and a beta of 1.33. The firm has a fifty day simple moving average of $119.04 and a two-hundred day simple moving average of $118.64. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, May 20th. Autoliv’s payout ratio is currently 37.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALV shares. Weiss Ratings lowered Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Bank of America started coverage on Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 price target on the stock. TD Cowen lowered their price target on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Robert W. Baird boosted their price target on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group lowered Autoliv from a “buy” rating to a “hold” rating and lowered their price target for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.87.

Institutional Investors Weigh In On Autoliv

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Autoliv during the 1st quarter valued at about $412,000. NewEdge Advisors LLC lifted its holdings in Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after purchasing an additional 326 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after purchasing an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after purchasing an additional 89,918 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Autoliv by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 268 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Company Profile

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.