Autoliv (NYSE:ALV) Director Franz-Josef Kortuem Sells 8,300 Shares

Autoliv, Inc. (NYSE:ALV) Director Franz-Josef Kortuem sold 8,300 shares of Autoliv stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the sale, the director owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. This represents a 59.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Autoliv Price Performance

ALV opened at $118.43 on Friday. The company has a fifty day moving average price of $123.80 and a two-hundred day moving average price of $121.97. The firm has a market capitalization of $8.85 billion, a PE ratio of 12.39, a P/E/G ratio of 1.01 and a beta of 1.32. 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 posted its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $3.05 EPS. Autoliv’s quarterly 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 year.

Autoliv Dividend Announcement

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 paid a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s dividend payout ratio is 36.40%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Autoliv from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $109.00 to $140.00 in a report on Wednesday, November 26th. Morgan Stanley set a $140.00 price target on shares of Autoliv in a report on Wednesday, November 26th. Evercore lowered their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada reduced their target price on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Finally, Barclays reaffirmed an “overweight” rating and set a $140.00 price target 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.40.

Institutional Investors Weigh In On Autoliv

Institutional investors have recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Autoliv in the fourth quarter valued at approximately $25,000. IFP Advisors Inc grew its position in Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after buying an additional 190 shares in the last quarter. True Wealth Design LLC lifted its position in 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 buying an additional 246 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Autoliv during the 3rd quarter worth about $32,000. Institutional investors own 69.57% of the company’s stock.

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.