Autoliv (NYSE:ALV) Hits New 52-Week High at $125.91

Autoliv, Inc. (NYSE:ALV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $125.91 and last traded at $125.77, with a volume of 156037 shares traded. The stock had previously closed at $123.85.

Analyst Ratings Changes

A number of brokerages have weighed in on ALV. JPMorgan Chase & Co. boosted their target price on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Barclays boosted their target price on Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Bank of America boosted their target price on Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Wells Fargo & Company upped their price target on shares of Autoliv from $126.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Finally, Mizuho upped their price target 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. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.90.

Autoliv Trading Up 0.1 %

The stock has a market capitalization of $10.09 billion, a PE ratio of 19.62, a PEG ratio of 0.77 and a beta of 1.69. The stock’s 50 day moving average price is $118.94 and its 200-day moving average price is $109.25. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.19%. Autoliv’s dividend payout ratio is presently 42.43%.

Insider Buying and Selling

In related news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at approximately $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the transaction, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at approximately $534,490. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,606 shares of company stock worth $835,205. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Autoliv

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Autoliv by 9.6% during the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after acquiring an additional 459,147 shares during the last quarter. Vanguard Group Inc. lifted its position in Autoliv by 6.7% during the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock valued at $206,103,000 after purchasing an additional 133,746 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after buying an additional 278,800 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Autoliv by 20.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock worth $114,716,000 after buying an additional 162,319 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Autoliv during the 4th quarter valued at about $91,065,000. Institutional investors own 69.57% of the company’s stock.

About Autoliv

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.