Insider Selling: Autoliv (NYSE:ALV) EVP Sells 1,278 Shares of Stock

Autoliv, Inc. (NYSE:ALV) EVP Per Jonas Jademyr sold 1,278 shares of the firm’s 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 $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares of the company’s stock, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Autoliv Stock Performance

ALV stock traded down $2.00 during midday trading on Wednesday, reaching $121.43. 235,002 shares of the company’s stock traded hands, compared to its average volume of 729,611. The firm has a market capitalization of $9.07 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The company has a 50-day moving average price of $123.82 and a two-hundred day moving average price of $121.94. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $3.05 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALV. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research note on Monday, January 12th. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Robert W. Baird set a $132.00 price objective on Autoliv in a research report on Monday, February 2nd. Morgan Stanley set a $140.00 target price on Autoliv in a research note on Wednesday, November 26th. Finally, TD Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $134.40.

Institutional Trading of Autoliv

Several institutional investors have recently added to or reduced their stakes in the business. Caisse Des Depots ET Consignations purchased a new position in shares of Autoliv in the third quarter worth $1,302,000. First Citizens Bank & Trust Co. bought a new stake in Autoliv in the 3rd quarter worth $1,385,000. Northstar Advisory Group LLC purchased a new position in shares of Autoliv in the third quarter valued at about $1,484,000. Nordea Investment Management AB bought a new position in shares of Autoliv during the third quarter valued at about $7,697,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Autoliv by 17.1% during the third quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock worth $10,934,000 after purchasing an additional 12,944 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

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.