Autoliv (NYSE:ALV) CEO Sells $1,108,378.74 in Stock

Autoliv, Inc. (NYSE:ALV) CEO Mikael Bratt sold 8,974 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $123.51, for a total value of $1,108,378.74. Following the completion of the sale, the chief executive officer directly owned 29,290 shares of the company’s stock, valued at $3,617,607.90. The trade was a 23.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Autoliv Stock Down 1.9%

Shares of NYSE:ALV opened at $118.43 on Friday. The company has a 50 day moving average of $123.80 and a two-hundred day moving average of $121.97. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth 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 quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released 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 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. Autoliv’s revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 4th will be paid a $0.87 dividend. 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 Investors Weigh In On Autoliv

A number of large investors have recently added to or reduced their stakes in ALV. Norges Bank acquired a new stake in shares of Autoliv in the fourth quarter valued at about $125,609,000. Northwestern Mutual Wealth Management Co. raised its position in Autoliv by 127,512.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after purchasing an additional 578,906 shares in the last quarter. LSV Asset Management lifted its position in shares of Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC boosted its stake in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after buying an additional 556,651 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after buying an additional 496,261 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wolfe Research set a $143.00 target price on shares of Autoliv in a report on Monday, January 12th. Wells Fargo & Company reduced their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Barclays reaffirmed an “overweight” rating and set a $140.00 target price on shares of Autoliv in a report on Monday, February 2nd. JPMorgan Chase & Co. raised Autoliv from a “neutral” rating to an “overweight” rating and upped their price target for the company from $109.00 to $140.00 in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $132.00 price objective on shares of Autoliv in a research note on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.40.

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.