Autoliv, Inc. (NYSE:ALV) Plans $0.87 Quarterly Dividend

Autoliv, Inc. (NYSE:ALV) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 20th will be given a dividend of 0.87 per share by the auto parts company on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, May 20th.

Autoliv has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Autoliv has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $11.94 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 29.1%.

Autoliv Trading Up 0.3%

Shares of ALV stock opened at $121.58 on Thursday. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.79 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The company has a 50-day simple moving average of $110.49 and a two-hundred day simple moving average of $117.52. Autoliv has a 52-week low of $94.32 and a 52-week high of $130.14.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company posted $2.15 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that Autoliv will post 10.53 EPS for the current fiscal year.

Insiders Place Their Bets

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 in the company, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the 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 owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,243 shares of company stock worth $2,713,735 in the last quarter. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in Autoliv by 14.4% in the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after acquiring an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Autoliv by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after acquiring an additional 28,415 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Autoliv by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,881,828 shares of the auto parts company’s stock worth $223,385,000 after acquiring an additional 37,661 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Autoliv by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Autoliv by 6.5% during the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after purchasing an additional 101,922 shares during the last quarter. 69.57% of the stock is 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.