Insider Selling: Autoliv (NYSE:ALV) VP Sells $60,526.88 in Stock

Autoliv, Inc. (NYSE:ALV) VP Mikael Hagstrom sold 496 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $60,526.88. Following the completion of the sale, the vice president owned 1,224 shares in the company, valued at approximately $149,364.72. The trade was a 28.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Autoliv Price Performance

NYSE:ALV opened at $118.43 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. Autoliv, Inc. has a one year low of $75.49 and a one year high of $130.14. The company has a fifty day moving average price of $123.80 and a 200 day moving average price of $121.97. The stock has a market cap of $8.85 billion, a P/E ratio of 12.39, a PEG ratio of 1.01 and a beta of 1.32.

Autoliv (NYSE:ALV) last posted its quarterly earnings data 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 net margin of 6.80% and a return on equity of 30.42%. During the same quarter in the prior year, the business posted $3.05 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts anticipate that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALV. Torren Management LLC bought a new stake in shares of Autoliv in the 4th quarter worth about $25,000. IFP Advisors Inc boosted 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 buying an additional 107 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Autoliv by 863.6% during the fourth 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 during the last quarter. True Wealth Design LLC increased its holdings in shares of Autoliv by 1,892.3% during the second 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 stake in shares of Autoliv during the third quarter worth approximately $32,000. 69.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALV. Royal Bank Of Canada lowered their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Wolfe Research set a $143.00 price target on shares of Autoliv in a report on Monday, January 12th. Morgan Stanley set a $140.00 price objective on shares of Autoliv in a research note on Wednesday, November 26th. Robert W. Baird set a $132.00 target price on shares of Autoliv in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.40.

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.