Insider Selling: Autoliv (NYSE:ALV) Director Sells $999,320.00 in Stock

Autoliv, Inc. (NYSE:ALV) Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the completion of the sale, the director owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. The trade was a 59.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Autoliv Trading Down 0.6%

Shares of ALV opened at $120.01 on Friday. Autoliv, Inc. has a 12-month low of $75.49 and a 12-month high of $130.14. The firm has a market capitalization of $8.97 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.01 and a beta of 1.32. The firm has a 50-day moving average price of $123.86 and a 200 day moving average price of $121.92. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. Autoliv’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.05 EPS. Sell-side analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

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

Institutional Trading of Autoliv

Several hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Torren Management LLC bought a new stake in shares of Autoliv during the 4th quarter worth $25,000. Parkside Financial Bank & Trust boosted its position in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 190 shares during the period. Root Financial Partners LLC bought a new stake in shares of Autoliv in the 3rd quarter worth approximately $32,000. Finally, True Wealth Design LLC increased its stake in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 246 shares during the period. Institutional investors own 69.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ALV. Royal Bank Of Canada cut their price target on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company reduced their target price on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Robert W. Baird set a $132.00 price target on shares of Autoliv in a research note on Monday, February 2nd. Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Wolfe Research set a $143.00 price objective on shares of Autoliv in a report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.