Jan Carlson Sells 1,555 Shares of Autoliv, Inc. (NYSE:ALV) Stock

Autoliv, Inc. (NYSE:ALV) Director Jan Carlson sold 1,555 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director now owns 77,493 shares in the company, valued at $8,394,041.76. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Autoliv Trading Up 0.9%

Autoliv stock opened at $108.88 on Thursday. Autoliv, Inc. has a 52 week low of $75.49 and a 52 week high of $116.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market capitalization of $8.42 billion, a PE ratio of 13.49, a PEG ratio of 0.73 and a beta of 1.36. The business’s 50-day simple moving average is $94.81 and its 200-day simple moving average is $95.03.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter last year, the company earned $1.58 EPS. Equities research analysts forecast that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from Autoliv’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. Autoliv’s payout ratio is 39.13%.

Autoliv announced that its Board of Directors has approved a share repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALV shares. TD Cowen assumed coverage on Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective on the stock. BNP Paribas Exane upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Friday, May 9th. Mizuho raised their price objective on shares of Autoliv from $95.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. UBS Group boosted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Finally, Cowen assumed coverage on shares of Autoliv in a report on Thursday, March 6th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently modified their holdings of ALV. CIBC Asset Management Inc increased its stake in Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 124 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Autoliv by 3.5% in the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock valued at $358,000 after buying an additional 130 shares during the period. AlphaQuest LLC boosted its holdings in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after buying an additional 134 shares during the period. Deutsche Bank AG increased its position in shares of Autoliv by 2.3% during the fourth quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company’s stock worth $552,000 after acquiring an additional 135 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Autoliv by 0.6% during the fourth quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company’s stock worth $2,213,000 after acquiring an additional 136 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.