Jan Carlson Sells 19,607 Shares of Autoliv (NYSE:ALV) Stock

Autoliv, Inc. (NYSE:ALV) Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were 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 in the company, valued at approximately $7,800,000. The trade was a 24.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Autoliv Stock Performance

NYSE ALV opened at $121.94 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.13 billion, a P/E ratio of 13.11, a PEG ratio of 0.84 and a beta of 1.33. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The company’s 50-day simple moving average is $119.78 and its 200 day simple moving average is $118.72.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. As a group, research analysts forecast that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALV shares. UBS Group increased their price target on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird increased their price target on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Royal Bank Of Canada increased their price target on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Jefferies Financial Group cut shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Finally, Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Eight analysts have rated the stock with a Buy rating and five have given 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 $134.87.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently bought and sold shares of ALV. Integrated Wealth Concepts LLC bought a new position in Autoliv in the first quarter valued at approximately $412,000. NewEdge Advisors LLC raised its holdings in Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares during the period. Jones Financial Companies Lllp raised its holdings in Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock worth $937,000 after purchasing an additional 10,285 shares during the period. Goldman Sachs Group Inc. raised its holdings in Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after purchasing an additional 89,918 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Autoliv by 5.1% in the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 268 shares during the period. 69.57% of the stock is owned by institutional investors.

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.