Insider Selling: Autoliv (NYSE:ALV) Director Sells $2,548,910.00 in Stock

Autoliv, Inc. (NYSE:ALV) Director Jan Carlson sold 19,607 shares of the stock in a transaction that occurred 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 directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Autoliv Trading Down 4.4%

ALV stock opened at $116.54 on Thursday. The firm has a fifty day moving average price of $120.01 and a 200 day moving average price of $118.71. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. 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 firm has a market cap of $8.72 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33.

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

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were issued a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Autoliv by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after acquiring an additional 18,673 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new stake in shares of Autoliv in the third quarter valued at about $2,198,000. Jupiter Asset Management Ltd. bought a new stake in shares of Autoliv in the third quarter valued at about $4,294,000. Artemis Investment Management LLP bought a new stake in shares of Autoliv in the fourth quarter valued at about $2,075,000. Finally, SG Americas Securities LLC raised its holdings in shares of Autoliv by 576.9% in the fourth quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock valued at $2,052,000 after acquiring an additional 14,733 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALV shares. Weiss Ratings upgraded Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Barclays lowered their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company set a $116.00 price target on Autoliv in a research report on Monday, April 20th. Finally, Royal Bank Of Canada raised their price target on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.87.

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.